Homework Answers
Labour force is the sum of number of workers employed and number of workers unemployed = 335915 + 15483 + 17688 = 369086
Number of people out of labour force = 415999 - 369086 = 46913
Unemployment rate is equal to unemployed workers divided by labour force = 33171/369086 = 8.99%
Labour force participation rate is equals to labour force divided by total adult population = 369086/415999 = 88.72%
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