The labor force participation rate is the number of people in the labor force divided by the number of people in the country who are of working age and not institutionalized. The BLS reported in February 2012 that the labor force participation rate in the United States was 63.7% (Calculatedrisk.com). A marketing company asks 120 working-age people if they either have a job or are looking for a job, or, in other words, whether they are in the labor force.
For the company’s sample, the probability that the proportion of people who are in the labor force is greater than 0.65 is ______.
0.6179
0.3000
0.1179
0.3836
The labor force participation rate is the number of people in the labor force divided by...
In 2015, the labor force participation rate was 62.6 percent. This means that: Multiple Choice Ο there was 37.4 % unemployment. Ο 62.6 % of all working age people wanted a job. Ο 62.6 % of all working age people were employed. Ο only 62.4 percent of labor force was in working age population.
QUESTION 18 The labor force is the number of employed people plus the number of unemployed people. total population divided by the number of employed people. number of employed people in the working-age population. number of employed people minus the number of unemployed people. 2 points QUESTION 19 Category Number of People (Millions) Total Population 300 Working-Age Population 220 Labor Force 145 Employed Workers 140 Calculate the unemployment rate. (Round to two decimal places) Calculate the Labor Force Participation...
In college economics, Frank, is studying labor statistics. Help Frank determine the labor force participation rate of his assigned country with 15 million adult working-age people and 7 million people in the labor force. (round your answer to the nearest 10th)
What would be the labor force participation rate and the unemployment rate in the country if the adult population is 230 million with 175 working and 35 million looking for jobs
Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS.Labor Force Participation Rate = _______ According to this formula, what is the labor force participation rate of this economy of six people?33.33 %40 %50 %60 %
Mongolia has a labor force of 1.47 million people and a labor force participation rate of 64.88%. If the number of people who are not yet old enough to work (15 and under) is 837,804, what is Mongolia's total population (rounded to the nearest whole person)? a.)2,265,721 b.)1,791,540 c.)1,729,361 d.)3,103,525
4. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Van, Amy, Carlos, Deborah, Janet, and Felix. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as Employed, Unemployed, "Not in the labor force" but still part of the civilian noninstitutional population, or "Not in the civilian noninstitutional population" if not in the civilian noninstitutional population. Complete the right half...
1. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Van, Amy, Carlos, Deborah, Janet, and Felix. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in...
Which of the following statements is INCORRECT? Select one: a. The unemployment rate is the number of persons who are unemployed divided by the labor force then times 100. b. The labor-force participation rate is the labor force divided by the working-age population then times 100. C. The labor force is equal to the number of people employed plus the number of people unemployed. d. The working age population includes everyone over the age of 16. Next page 19 Hamdan...
There are 200 people in the population. Ten of them are under the age of 16 and have no job. Five of them are under the age of 16 and have a job. Thirty people have retired, and half of these are no longer capable of working. There are 25 stay at home spouses. There are 20 college students with no job and half of them are looking for a job. Ten people have no job but are looking, and...