The bureau of labor statistics announced that in april 2010 of all adult americans 139,455,000 were employed 15,260,000 were unemployed and 82,614,000 were not in the labor force use this information to calculate a-the adult population b-the labor force c-the labor force participation rate d-the unemployment rate
What will be an ideal response?
Answer:
a. the adult population=employed+unemployed+not in the labor force=237329000
b. the labor force=employed+unemployed=154715000
c. the labor force participation rate= (labor force/adult population) x 100= 65.2%
d. the unemployment rate= (unemployed/labor force) x 100= 9.9%
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What will be an ideal response?