Ellen is downloading labor market data for the most recent month, but her connection is slow. 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 million Find the ● working-age population ● the labor force ● the number of employed workers ● The number of unemployed workers.

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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Ellen is downloading labor market data for the most recent month, but her connection is
slow. 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 million
Find the
● working-age population
● the labor force
● the number of employed workers
● The number of unemployed workers. 

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