4- 1-( 3 POINTS)The Bureau of Labor Statistics reported thê Following data for 2005: abor force participation rate: 66 percent Working-age population: 226 million mployment-to-population ratio: 62.7 Calculate the following: L Labor-force Employment Unemployment rate-

4- 1-( 3 POINTS)The Bureau of Labor Statistics reported thê Following data for 2005: abor force participation rate: 66 percent Working-age population: 226 million mployment-to-population ratio: 62.7 Calculate the following: L Labor-force Employment Unemployment rate-

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

4- 1-(3 POINTS)The Bureau of Labor Statistics reported the
following data for 2005:
Labor force participation rate: 66 percent
Working-age population: 226 million
Employment-to-population ratio: 62.7
Calculate the following:
A. Labor-force
B. Employment
C Unemployment rate-

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