ECO102: CHAPTER 3

UNEMPLOYMENT

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 Working-age population: The number of people aged 15-64 years in a
population

Labour force (LF): The number of economically active

working-aged people.
LF = E + U

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OUT OF LABOUR FORCE

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••  Labour force participation rate (LFPR) =

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••  
Employment rate (e) =

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•  
• Unemployment rate (u) =

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QUESTION 1

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QUESTION 2

Bangladesh Bureau of Statistics reported the following data for 2015:

Total Labour Force: 106.13 million
Unemployment: 2.6 million
Using the above, calculate the unemployment rate and employment.

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QUESTION 3

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QUESTION 4

Identify if the worker is employed, unemployed, out-of-labour-force or not working age population?
1. Polin gave up looking for work months ago after being fired from her job.
2. Mithun works part-time in the local shop.
3. Rony just lost his job as chief engineer last week and is currently looking for another one.
4. Nazim is eager to work again but can only join after 30 days.
5. Faiza is a 65-year-old woman who was a dentist.
6. Ahmed is a 10-year old school boy.
7. Tomal works two part-time jobs.
8. Mina is a homemaker who likes to cook and clean her house herself every day

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NATURAL UNEMPLOYMENT

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QUESTION 5

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UNEMPLOYMENT IN BUSINESS CYCLE

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UNDEREMPLOYMENT

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NEET

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