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2. the unemployment rate in different countries the following table con…

Question

  1. the unemployment rate in different countries

the following table contains unemployment statistics from 2013 for three different countries: the united states (usa), the netherlands, and france.
(source: \international labor comparisons.\ bureau of labor statistics)

fill in the table using the given data

usa
netherlands
france
working - age (civilian non - institutionalized) population (thousands)
243,284
13,629

not in the labor force (thousands)
88,309
4,796
22,411
civilian labor force (thousands)
154,975

employed (thousands)
142,469
8,364
25,547
unemployed (thousands)
12,506
469
2,824
unemployment rate (percent)

Explanation:

Step1: Calculate Civilian Labor Force for Netherlands

The formula for Civilian Labor Force is \( \text{Civilian Labor Force}=\text{Employed}+\text{Unemployed} \).
For Netherlands: \( 8364 + 469=8833 \) (thousands).

Step2: Calculate Unemployment Rate for USA

The formula for Unemployment Rate is \( \text{Unemployment Rate}=\frac{\text{Unemployed}}{\text{Civilian Labor Force}}\times100\% \).
For USA: \( \frac{12506}{154975}\times 100\%\approx8.07\% \).

Step3: Calculate Unemployment Rate for Netherlands

Using the formula \( \text{Unemployment Rate}=\frac{\text{Unemployed}}{\text{Civilian Labor Force}}\times100\% \).
For Netherlands: \( \frac{469}{8833}\times100\%\approx5.31\% \).

Step4: Calculate Civilian Labor Force for France

Using \( \text{Civilian Labor Force}=\text{Employed}+\text{Unemployed} \).
For France: \( 25547+2824 = 28371 \) (thousands).

Step5: Calculate Working - Age (Civilian Non - institutionalized) Population for France

Using \( \text{Working - Age Population}=\text{Not in the Labor Force}+\text{Civilian Labor Force} \).
For France: \( 22411+28371=50782 \) (thousands).

Step6: Calculate Unemployment Rate for France

Using \( \text{Unemployment Rate}=\frac{\text{Unemployed}}{\text{Civilian Labor Force}}\times100\% \).
For France: \( \frac{2824}{28371}\times100\%\approx9.95\% \).

Answer:

CountryWorking - Age (Civilian Non - institutionalized) Population (Thousands)Not in the Labor Force (Thousands)Civilian Labor Force (Thousands)Employed (Thousands)Unemployed (Thousands)Unemployment Rate (Percent)
Netherlands136294796\(8833\)8364469\(5.31\%\)
France\(50782\)22411\(28371\)255472824\(9.95\%\)