reply to the student with 150 word count:

The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate. The labor force participation rate tells us which percentage of the entire working age population is economically active in the other words; it tells us which percentage of the people capable of working are actually working or at least looking for a job.  Let’s assume you live in a country with 10 million working age people, we will also assume five million are currently working and 500000 are actively looking for work so we have five million and a half million economically active people in this scenario.  Labor force participation rate is 55%; the unemployment rate on the other hand tells us which of the total labor force is currently unemployed but actively looking for work. To figure out how many people are jobless but actively looking for work? The authorities figure out how many people are receiving unemployment benefits and other forms of help and one hand and the other hand they also analyze data from unemployment offices to measure how many people are making  an effort to find a job. So in a previously mentioned scenario with a labor force with 10 million and 500000 people who are looking for a job, the unemployment rate is 5%. Therefore unemployment rate alone can sometimes paints an overly optimistic picture, so the labor force parcipation rate complements it nicely together they help you accurately assess the heath of an economy.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Use the discount code "30OFFNOW" today and get a 30% offOrder Now