Briefly explain the different types of Unemployment? What is relationship between inflation and unemployment?
A country has 245.9 million of working-age population, out of which 155.5 million are in labor force. From total labor force, 144.2 million are employed and 11.3 million are unemployed. Calculate Unemployment Rate and Labor Force Participation Rate?
In an economy, 3% of the employed workers lose their jobs and 20% of unemployed workers find jobs during the FY 2015. Calculate the natural rate of unemployment in that economy?