Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to get: Unemployment rate Participation rate 5.0% 62.5% Not in the labor force 60 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses as whole numbers. Labor force: million million Working-age population: Number of employed workers: million Number of unemployed workers: million
Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to get: Unemployment rate Participation rate 5.0% 62.5% Not in the labor force 60 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses as whole numbers. Labor force: million million Working-age population: Number of employed workers: million Number of unemployed workers: million
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...
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Question
![Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to get:
Unemployment rate
Participation rate
5.0%
62.5%
Not in the labor force
60 million
Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.
Instructions: Enter your responses as whole numbers.
Labor force:
million
million
Working-age population:
Number of employed workers:
million
Number of unemployed workers:
million](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F53a29fe7-dc7b-4a42-b35d-e8ee3ce2e1c5%2F46e1f47a-1695-48e1-80ac-68c9d3f852fd%2Fm7z2aux.png&w=3840&q=75)
Transcribed Image Text:Ellen is downloading labor market data for the most recent month, but her connection is slow. So far this is all she has been able to get:
Unemployment rate
Participation rate
5.0%
62.5%
Not in the labor force
60 million
Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.
Instructions: Enter your responses as whole numbers.
Labor force:
million
million
Working-age population:
Number of employed workers:
million
Number of unemployed workers:
million
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