1. The table shows the data reported by the Bureau of Labor Statistics in 2009.Labor Market DataCalculate the labor force, employment, and the unemployment rate.Labor force participation rate65.4 percentWorking-age populationThe labor force is 15434.4 million.>>> Answor with a whole number.Employment-to-population ratio236 million59.3 percentEmployment is 13994 8 million.>>> Answer with a whole number.The unemployment rate ispecbent.>>> Answer to 1 decimal place

Working age population = 236 Million Labor force participation = 0.654 * 236 = 154.344 million…

The table shows the data reported by the Bureau of Labor Statistics in 2009. Calculate the labor force, employment, and the unemployment rate. Labor Market Data Labor force participation rate 65.4 percent Working-age population 236 million The labor force is 15434.4 million. >>> Answer with a whole number. Employment-to-population ratio 59.3 percent Employment is 13994 8 million. >>> Answer with a whole number. The unemployment rate ispedhent. >>> Answer to 1 decimal place

The table shows the data reported by the Bureau of Labor Statistics in 2009. Calculate the labor force, employment, and the unemployment rate. Labor Market Data Labor force participation rate 65.4 percent Working-age population 236 million The labor force is 15434.4 million. >>> Answer with a whole number. Employment-to-population ratio 59.3 percent Employment is 13994 8 million. >>> Answer with a whole number. The unemployment rate ispedhent. >>> Answer to 1 decimal place

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 6WNG

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