Homework Answers
a. Labor force = unemployed + employed = 342425 + 25283 = 367708
b. out of labor force = adult population - labor force = 405999 - 367708 = 38291
c. unemployment rate = unemployed / labor force * 100 = 25283 / 367708 * 100 = 6.88%
d. Labor force participation rate = Labor force / Adult population * 100 = 367708 / 405999 * 100 = 90.57%
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Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the information...
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stion 5 of 20 Resources Give Up? Hint Check And > Attemp The table describes hypothetical...
stion 5 of 20 Resources Give Up? Hint Check And > Attemp The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and Underemployed Discouraged force voluntary part-workers workers workers 170 140 million 7 million 5 million million Based on the information, what is the unemployment rate? Specify your answer to one decimal place. unemployment rate: about us Careers...
Information concerning the fictitious small island nation of Llamalandia is given in the table. Use the information in the table to answer the related questions. Number of employed people Number of unemployed people Total population over age 16 335,915 25,773 405,999 For the percentages, round your answers to two decimal places. What is the size of the labor force? labor force: How many people are out of the labor force? out of labor force: What is the unemployment rate? unemployment:...
It is graduation time in a small island nation. There are a total number of 17,688 graduating from college and are actively looking for work. The college graduates are not included in the current employment measures for the country, which are given in the table. Answer the related questions taking into account the college graduates and the information in the table. Number of employed Number of unemployed Total population over age 16 335,915 15,483 415,999 What is the size of...
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