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Economics - CIA4U > Unit 3: Participation vs Unemployment > Flashcards

Unit 3: Participation vs Unemployment Flashcards

1
Q

Participation Rate

A

Civilian labour force/civilians non-instituionalized (x100%)

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2
Q

PR Formula

A

Employed FT/PT & willing/able to work // full-time students, retirees, homemakers, others not actively seeking work, and others unable to work

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3
Q

Watch Participation rate yt video

A
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4
Q

Unemployment Rate:

A

The percentage of the labour force that is not working at any given time.

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5
Q

Participation Rate:

A

The percentage of the working-age population that is working or looking for work.

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Economics - CIA4U (37 decks)

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