Consider the Following Labour Data Compiled by a Government Agency

question 63

Essay

Consider the following labour data compiled by a government agency:
a.Between July 2014 and July 2015,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:

Tutor

A tutor is an individual who provides one-on-one guidance and instruction to a student or learner, often in academic subjects or skills.

Paid

A status indicating that a financial obligation or debt has been fulfilled.

Voidable

Describes a legal agreement that may be declared invalid by one of the parties due to specific conditions such as fraud, coercion, or incapacity.

Minors

Individuals who are under the age of legal competence or adulthood, typically under 18 years old.