Unemployment rate 5.0%      Participation rate 62.5%      Not in the labor force  60 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses as whole numbers. Labor force:   million Working-age population:   million Number of employed workers:   million Number of unemployed workers:   million

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
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Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
Section: Chapter Questions
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Ellen is downloading labor market data for the most recent month, but her connection is slow. 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


Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.

Instructions: Enter your responses as whole numbers.

Labor force:   million

Working-age population:   million

Number of employed workers:   million

Number of unemployed workers:   million

 

 

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