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:

PaaS

Platform as a Service, a cloud computing model that provides customers a platform to develop, run, and manage applications without dealing with the underlying infrastructure.

SaaS

Software as a Service, a cloud computing offering that provides users with access to a vendor's cloud-based software.

IaaS

Infrastructure as a Service is a model of cloud computing that offers virtual computing resources via the internet.

Operating System

System software that manages computer hardware, software resources, and provides common services for computer programs, enabling the user interface with the computer hardware.