ON1030 Assignment 2
Question 18 of 19
This test: 60 point(s) possible
This question: 5 point(s)
Economics in the News
March 10, 2023
First, study the news article linked below.
Canada added 22,000 jobs in February.
D. The labour force increased, and the percentage increase in the labour force equaled the percentage increase in the r
3. What can we infer about the employment rate in February 2023 given the information in the news article?
A. The employment rate grew because the number of jobs increased.
B. The employment rate didn't change because the employment rate plus the unemployment rate equals 100 percent.
C. We can't infer anything about the employment rate.
D. The employment rate shrank because the labour force increased.
4. In February 2023, the number employed in Canada was 20,054.1 thousand, the labour force was 21,120.5 thousand, and the total population was 32,130.5 thousand. What was the employment rate?
The employment rate was
A. 65.7 percent
B. 95 percent
C. unknown
D. 62.4 percent