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Real-Time Data Analysis Exercise* Calculate the missing values in the table below by using the provided data collected in the

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Answer #1

Employment rate = 1 - unemployment rate = 1 - 0.035 = 0.965

Labor Force = Employed / employment rate

= 158269 / 0.965

= 164009.33 ~ 164009 (Nearest Whole Number)

Unemployed = 0.035 * 164009 = 5740.33 ~ 5740 (Nearest Whole Number)

Working age population = Labor force / Labor force participation rate

= 164009 / 0.632

= 259507.91 ~ 259508 (Nearest Whole Number)

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