Period 1 Period 2 Jan Jan Working Age Population 64 591 67 153 Labor Force Employed 38 461 40 047 Underemployed 6 883 7 879 Unemployed 2 703 2 469 Labor Force Participation Rate (%) Employment Rate (%) 93.4 94.2 Underemployment Rate (%) 17.9 19.7 Unemployment Rate (%) 1. What is the labor force participation rate for period 2? 2. What is the unemployment rate for period 1?

Period 1 Period 2 Jan Jan Working Age Population 64 591 67 153 Labor Force Employed 38 461 40 047 Underemployed 6 883 7 879 Unemployed 2 703 2 469 Labor Force Participation Rate (%) Employment Rate (%) 93.4 94.2 Underemployment Rate (%) 17.9 19.7 Unemployment Rate (%) 1. What is the labor force participation rate for period 2? 2. What is the unemployment rate for period 1?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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Similar questions

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