Various Projections Have Been Made About the Size of the Labor

question 189

Essay

Various projections have been made about the size of the labor force in a country in 2025. These projections are contingent on estimates of the participation rates of various demographic groups and estimates for net immigration. Based on the scenario in the table below, calculate total employment and the employment-to-population ratio.
$$\begin{array} { | c | c | c | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Unemplaymen } \\\text { trate }\end{array} & \begin{array} { c } \text { Lebar farce } \\\text { participation } \\\text { rate }\end{array} & \begin{array} { c } \text { Warking-age } \\\text { populatian } \\\text { (millians) }\end{array} & \begin{array} { c } \text { Tatal } \\\text { emplayment } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Emplayment-ta-papulati } \\\text { an ratio }\end{array} \\\hline 2005 & 5.6 \% & 66.6 \% & 198.6 & & \\\hline 2025 & 5.6 \% & 68.7 \% & 223.0 & & \\\hline\end{array}$$

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