A Labor Force Survey in Brownland Records the Following Data

question 325

Essay

A labor force survey in Brownland records the following data for December 2007: Employed: 189,000
Unemployed: 15,000
Not in the labor force: 84,000 During 2008, the survey recorded:
Hires and recalls: 5,000
Job losers and job leavers: 7,500 Entrants and reentrants: 21,000 Withdrawals: 18,000
The working age population increased during 2008 by 5 percent.
a) Calculate for December 2007 the unemployment rate.
b) Calculate for December 2007 the labor force participation rate.
c) Calculate for December 2008 the unemployment rate.
d) Calculate for December 2008 the labor force participation rate.

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Definitions:

PCR

Polymerase Chain Reaction, a technique used in molecular biology to amplify segments of DNA for analysis.

Copies

Replicas or duplicates of an original item, such as a document, artwork, or piece of digital data, made through various reproduction techniques.

DNA

Deoxyribonucleic acid, a self-replicating material present in nearly all living organisms as the carrier of genetic information.

Gene Therapy

Correction of a detrimental mutation by the insertion of DNA sequences into the genome of a cell.