Consider the Following Labour Data Compiled by a Government Agency

question 1

Essay

Consider the following labour data compiled by a government agency:

a. Between July 2011 and July 2012, employment has increased by 393 700 workers, but the labour force increased by only 309 100 workers. Explain the difference in these numbers. Is it possible that the increase in labour force is greater than the increase in employment?
b. During the same period, employment increased by 393 700 workers, but unemployment decreased by only 84 600. Are these data plausible? How could this difference be explained?

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Definitions:

College Sophomores

A demographic often used in psychological and educational research, referring to students in their second year of college.

Test Grades

Numerical or letter indicators used to evaluate a student's performance on exams or assessments.

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together.

Relationship Variables

Factors that define the nature or characteristics of interactions between entities or individuals.