Calculate: 1. The unemployment rate? 2. Labour force participation rate 3. Absorption rate give the following : Labour force 17948000 Employment 13422000 Working age population 32786000

Md Ariful Islam

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Md Ariful Islam

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Let unemployment rate=A

Labour force participation rate=B

Labour force absorption rate=C

Labour force=a=17948000

employment=b=13422000

Working age population=c=32786000

Then,

А = (a-b)/a *100

A = (17948000-13422000)/17948000 * 100% = 25.21%

B = a/c*100, B = 17948000/32786000 * 100% = 54.7%

C = b/c *100%

C = 13422000/32786000 * 100% = 40.9%

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