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 collect: Unemployment rate 5.7% 62.5% 62 million Participation rate Not in the labor force Find the labor force, the working-age population, the number of employed workers, and the number o unemployed workers. Instructions: Enter your responses rounded to one decimal place. Labor force: million Working-age population: |million Number of employed workers: million Number of unemployed workers: million

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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 collect:
Unemployment rate
Participation rate
Not in the labor force
5.7%
62.5%
62 million
Find the labor force, the working-age population, the number of employed workers, and the number of
unemployed workers.
Instructions: Enter your responses rounded to one decimal place.
Labor force:
million
Working-age population:
million
Number of employed workers:
million
Number of unemployed workers:
million
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 collect: Unemployment rate Participation rate Not in the labor force 5.7% 62.5% 62 million Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses rounded to one decimal place. Labor force: million Working-age population: million Number of employed workers: million Number of unemployed workers: million
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