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Define the concepts of the unemployment rate and the labor force participation rate.

25/08/2020 Client: papadok01 Deadline: 3 days

Define the concepts of the unemployment rate and the labor force participation rate. Using data from


the Australian Bureau of Statistics (ABS) http://www.abs.gov.au/, collect information on both


unemployment and labour force participation rates for the period 1980 to 2018 inclusive. Employ


annual figures. Be explicit and define and provide detailed sources for the data obtained. Plot the


unemployment and labour force participation rates over-time and provide an explanation of any time-


series patterns, drawing upon economic principles or theory.


1 page


well cited 


APA

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