What is the unemployment rate for the 2016 statistics listed below? Use the numbers and theFormula belowUnemployment Rate FormulaUnemployed PeopleLabor Forcex 100Total adult population over the age of 16253.5 millionIn the labor force1591 million (62.8%)Employed1514 milionUnemployed77 millionOut of the labor force944 million (37.2%)

Unemployed = 7.7 Total labor force = 159.1 Unemployment Rate = 7.7/159.1 = 4.84%

at is the unemployment rate for the 2016 statistics listed below? Use the numbers and the nula below Unemployment Rate Formula Unemployed People Labor Force x 100 ladult ppulation over the age of 16 253.5 million me labor force 1591 milin (62.8%) mloyed 1514 million mployed 7 millon of the labor force 944 million (37.2%)

at is the unemployment rate for the 2016 statistics listed below? Use the numbers and the nula below Unemployment Rate Formula Unemployed People Labor Force x 100 ladult ppulation over the age of 16 253.5 million me labor force 1591 milin (62.8%) mloyed 1514 million mployed 7 millon of the labor force 944 million (37.2%)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Columns 1 and3 in the table below show employment and the price level in the economy. Aasume that the labour foroe in the economy is 11.0 milion. Compute and enter in column 2 the unemployment rate at each level of employment. For nach row (xcopt the first), compute and enter in column 4 the annual rate of intation. (Round your answers to hwo decmal places) Employment (milions of workers) Price Rate of Infation Lhemployment Rate (%) Level () 9.5 1.2 9.6 1.28 9.7 1.37 9.8 1.48 1.62 10 1.79 10.1 201 10.2 23
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fill in the blank year population employed unemployed labor force unemp. Rate LFPR 1.0 300 1000 0.50 2.0 1800.00 800 0.70 3.0 1600.00 700 0.45 0.80
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Ellen is downloading labor market data for the most recent month, but her connection isslow. So far thisß is all she has been able to collect:Unemployment rate 5.2%Participation rate 62.5%Not in the labor force 60 millionFind the● working-age population● the labor force● the number of employed workers● The number of unemployed workers.