Labour Market Participation Quiz

High labour force participation rate indicates that most people are participating in the labour market.

The unemployment rate may increase over time due to factors like economic growth, population growth, and increasing LFPR rates.

Unemployment Rate (UR) = (Number of unemployed persons / Labour force) * 100

<p>The ILO excludes discouraged job seekers from the calculation to provide a more accurate but slightly lower rate of unemployment.</p> Signup and view all the answers

<p>Employment Rate (ER) = (Number of employed persons / Relevant population) * 100</p> Signup and view all the answers

<p>A low employment rate indicates that the country is not creating enough jobs or that many people lack relevant skills for employment.</p> Signup and view all the answers

<p>Economic growth can lead to an increase in the labour force participation rate.</p> Signup and view all the answers

<p>Population growth can contribute to an increase in LFPR over time.</p> Signup and view all the answers

<p>Botswana uses the international definition to calculate UR because it provides a more standardized and comparable measure of unemployment.</p> Signup and view all the answers

<p>The employment rate measures the ability of a country to create jobs and the percentage of employed persons in the relevant population.</p> Signup and view all the answers