The Bureau of Labor Statistics reported that in December 2015​, the labor force was 157.8 ​million, employment was 149.9 ​million, and the​ working-age population was 252.0 million.   Calculate the unemployment rate and the labor force participation rate. The unemployment rate was nothing percent. ​>>> Answer to 1 decimal place. The labor force participation rate was nothing percent. ​>>> Answer to 1 decimal place.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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The Bureau of Labor Statistics reported that in
December
2015​,
the labor force was
157.8
​million, employment was
149.9
​million, and the​ working-age population was
252.0
million.
 
Calculate the unemployment rate and the labor force participation rate.
The unemployment rate was
nothing
percent.
​>>> Answer to 1 decimal place.
The labor force participation rate was
nothing
percent.
​>>> Answer to 1 decimal place.
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