A) What was the unemployment rate? Show your work. B) What was the labor force participation rate? Show your work. C) Now, assume that a year later in January 2022, the adult population was 142.8 million, total employment was 90 million, the labor force was 104 million, and there were 2.2 million discouraged workers. Mark Kelly, the fictional President of the fictional country Kellytopia claims that, through his great and benevolent leadership, Kellytopia’s employment situation has improved since last year. Do you agree with his assertion? Why or why not?
In January 2022 the adult population in the fictional country Kellytopia was 140 million, total employment was 90 million, the labor force was 105 million, and there were 1.2 million discouraged workers.
A) What was the
B) What was the labor force participation rate? Show your work.
C) Now, assume that a year later in January 2022, the adult population was 142.8 million, total employment was 90 million, the labor force was 104 million, and there were 2.2 million discouraged workers. Mark Kelly, the fictional President of the fictional country Kellytopia claims that, through his great and benevolent leadership, Kellytopia’s employment situation has improved since last year. Do you agree with his assertion? Why or why not?
D) On a graph, show how the labor
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