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The Bureau of Labor Statistics reported that in 2004 the total labor force was 147,401 thousand of a possible 223,357 thousand working-age adults. The total number of unemployed was 8,149 thousand. From this information, calculate the following:

a. Labor Force Participation Rate

Instructions: Round your answer to 1 decimal place.

b. Unemployment Rate

Instructions: Round your answer to 1 decimal place.

c. Employment-population ratio

Instructions: Round your answer to 1 decimal place.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91876129

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