Homework Answers
Answer
Labor force =employed +uneployed
=2535000+128000
=2663000
Unemployment rate =(unemployed/labor force)*100
=(128000/2663000)*100
=4.80660909
=4.81%
the unemployment rate is 4.81%
==========
ANswer
Labor force participation rate =(labor force/adult
population)*100
=(2663000/3801000)*100
=70.0605104
=70.06%
the LFPR is 70.06%
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I
need some help completing this exercise on unemployment and
inflation and labor force participation
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