EXAMINE LABOR FORCE
PARTICIPATION,UNEMPLOYM
ENT RATE AND INFLATION
RATE…..
SUBMITTED BY:
Name:Md Inzamul Hoque Abir
Roll:64
Course Name:Principles Of Economics 2
Institute Of Health Economics
University of Dhaka
Unemployment rate:
■ The unemployment rate is defined as the percentage of unemployed workers in the
total labor force.
Year
CPI
Labor
force(million)
Working age
Unemploymen
population(mill t rate
ion)
2013
122.37
50.4
89.1
4.43%
2014
129.38
51.0
90.3
4.47%
2015
135.54
53.4
94.5
5.32%
2016
143.75
53.2
94.2
4.35%
2017
150.64
56.1
95.2
4.47%
2018
160.02
57.2
97.3
4.31%
Labor force participation rate:
Labor force participation rate is defined as the section of working population in the age
group of 14-16 in the economy currently employed or seeking employment.
The labor force participation rate of Bangladesh from 2013-2018 is given below:
year
Labor
force(million)
Working age
population(million)
Labor force
participation rate
2013
50.4
89.1
56.56%
2014
51.0
90.3
56.48%
2015
53.4
94.5
56.51%
2016
53.2
94.2
56.47%
2017
56.1
95.6
58.68%
2018
57.2
97.3
58.78%
Labor force participation rate and
unemployment rate:
Inflation rate:
■ Inflation rate is the percentage at which a currency is devalued during a period.
■ The inflation rate of Bangladesh from 2013 t0 2018 is given below:
year
CPI
Inflation rate
2013
122.37
5.89%
2014
129.38
5.73%
2015
135.54
4.76%
2016
143.75
6.08%
2017
150.64
4.8%
2018
160.02
6.28%
Inflation rate:
RELATIONSHIP AMONG LABOR FORCE
PARTICIPATION RATE,UNEMPLOYMENT RATE
AND INFLATION RATE:
■ THERE IS A STRONG RELATIONSHIP BETWEEN INFLATION RATE AND
UNEMPLOYMENT RATE.WE KNOW THAT,RELATIONSHIP BETWEEN INFLATION RATE
AND UNEMPLOYMENT RATE IS NEGATIVE.IF THE INFLATION RATE OF A COUNTRY
RISES THEN THE UNEMPLOYMENT RATE FALLS.
■ IF MONEY SUPPLY INCREASES THEN THERE BECOME MANY JOB OPPORTUNITIES
WHICH DEMAND LABOR FORCE.AND ULTIMATELY, THE UNEMPLOYMENT RATE
DECREASE.
■ FROM THE ABOVE,WE CAN SAY THAT THERE ARE A STRONG RELATIONSHIP AMONG
INFLATION RATE,UNEMPLOYMENT RATE AND LABOR FORCE PARTICIPATION RATE…