2. Ellen is downloading labor market data for the most recent month , but her connection is slow and so far this is all she has been able to get : Unemployment rate 5.0% Participation rate 62.5% Not in the labor force 60 million a) Find the labor force, the working-age popculation , the number of employed workers,and the number of unemployed workers.
2. Ellen is downloading labor market data for the most recent month , but her connection is slow and so far this is all she has been able to get : Unemployment rate 5.0% Participation rate 62.5% Not in the labor force 60 million a) Find the labor force, the working-age popculation , the number of employed workers,and the number of unemployed workers.
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 1.2P
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2. Ellen is downloading labor market data for the most recent month , but her connection is slow and so far this is all she has been able to get :
Participation rate 62.5%
Not in the labor force 60 million
a) Find the labor force, the working-age popculation , the number of employed workers,and the number of unemployed workers.
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