2.3 Macroeconomic Objectives
{"Image DocumentName": "2.3 Macroeconomic Objectives", "Image ImageDescription": "Unemployment. Calculating the Unemployment Rate. Consider the table below, which shows labor statistics for Brazil in 2010 and Year. Total Population (millions) Number of people Employed (million) Number of people Unemployed (millions From this data, we can calculate the following: The Labor Force Participation Rate (LFPR): This is the percentage of the total population that is part of the labor force (either employed or unemployed) In 2010 = \u00d7100=\ud835\udfd3\ud835\udfd4.\ud835\udfd3% In 2011 = \u00d7100=\ud835\udfd3\ud835\udfd4.\ud835\udfd0\ud835\udfd3% The Unemployment Rate: The percentage of the labor force that is unemployed. In 2010 = \u00d7100=\ud835\udfcf\ud835\udfcf.\ud835\udfd3% In 2011 = \u00d7100=\ud835\udfcf\ud835\udfd2.\ud835\udfd3% The LFPR fell, indicating that of the total population, a smaller percentage was working or trying to find work in May be an indication of a weak labor market. The UR increased, indicating that it was harder to find a job in 2011 than in Even though more people are employed, there are even more unemployed. The data here indicates that Brazil\u2019s economy may have entered a recession in AD is not great enough to fully employ the available labor force in the country.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}