4- 1-(3 POINTS)The Bureau of Labor Statistics reported the following data for 2005: Labor force participation rate: 66 percent Working-age population: 226 million Employment-to-population ratie 62.7 Calculate the following A. Labor-force . Employment CUnemployment rate-

4- 1-(3 POINTS)The Bureau of Labor Statistics reported the following data for 2005: Labor force participation rate: 66 percent Working-age population: 226 million Employment-to-population ratie 62.7 Calculate the following A. Labor-force . Employment CUnemployment rate-

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 1.2P

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Question

4- 1-(3 POINTS)The Bureau of Labor Statistics reported the
following data for 2005:
Labor force participation rate: 66 percent
Working-age population: 226 million
Employment-to-population ratie: 62.7
Calculate the following:
A. Labor-force
B. Employment
C Unemployment rate-

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