LABOUR MARKET REPORT

Labour Market Report

[Name of Student]

Labour Market Report

Analysis of Labour Market via Statistical Implication

This section of the report analyses the data using descriptive statistics. Descriptive statistics is one of the appropriate technique through which fluctuations in labour market can be analysed and interpreted.

Number of People Employed

This section of the report statistically analyses the data extracted from the source in order to analyse number of people employed in the country. According to the analysis of the data from the source, it can be interpreted that there was substantial enhancement in number of people employed in the country which raised 14,000 in number as compared to previous month. Nonetheless, the descriptive analysis of the data reveals that the mean of the data is 1.1520E7, 1.1520E7 is the median and mode can be represented by 1.15E7. In addition, standard deviation of the data extracted is 9.89949E3 and while analysing the data 9.800E7 variance was recorded.

Full Time Employment

According to the analysis of the data from the source, it can be interpreted that there was substantial enhancement in full time employees in the country which raised 9200 in number as compared to previous month. Nonetheless, the descriptive analysis of the data reveals that the mean of the data is 8.0783E6, 8.0783E6 is the median and mode can be represented by 8.07E6. In addition, standard deviation of the data extracted is 6.50538E3 and while analysing the data 4.232E7 variance was recorded.

Part Time Employment

According to the analysis of the data from the source, it can be interpreted that there was substantial enhancement in part time employees in the country which raised 4800 in number as compared to previous month. Nonetheless, the descriptive analysis of the data reveals that the mean of the data is 3.4414E6, 3.4414E6 is the median and mode can be represented by 3.44E6. ...