Calculate the unemployment rate and labor -force participation rate given the following information (show your calculations):   -Number of employed = 170 million -Labor force = 185 million -Working- age population = 300 million -Number of discouraged workers = $1.5 million.

Economics (MindTap Course List)
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Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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  1. Calculate the unemployment rate and labor -force participation rate given the following information (show your calculations):

 

-Number of employed = 170 million

-Labor force = 185 million

-Working- age population = 300 million

-Number of discouraged workers = $1.5 million.

Calculate the unemployment rate and labor -force participation rate given the
following information (show your calculations):
-Number of employed = 170 million
-Labor force = 185 million
-Working- age population = 300 million
-Number of discouraged workers = $1.5 million.
Transcribed Image Text:Calculate the unemployment rate and labor -force participation rate given the following information (show your calculations): -Number of employed = 170 million -Labor force = 185 million -Working- age population = 300 million -Number of discouraged workers = $1.5 million.
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