In 2016, NY had a population of 14,398,000 and a total workforce of 9,100,000. At the time, there were 463,000 people out of work. Find the (a) Labor Force Participation Rate, and (b) Unemployment Rate
In 2016, NY had a population of 14,398,000 and a total workforce of 9,100,000. At the time, there were 463,000 people out of work. Find the (a) Labor Force Participation Rate, and (b) Unemployment Rate
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Earnings, Productivity, And The Job Market
Section: Chapter Questions
Problem 11CQ
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![In 2016, NY had a population of 14,398,000 and a total
workforce of 9,100,000. At the time, there were 463,000
people out of work. Find the (a) Labor Force Participation
Rate, and (b) Unemployment Rate
Answer within half hour and correct will give you positive
feedback.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c554e42-ceef-4ed9-b1ed-d3a7d95d5ecc%2Ff7909237-f52e-4430-904a-442026b1c557%2Fgxvaxkg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In 2016, NY had a population of 14,398,000 and a total
workforce of 9,100,000. At the time, there were 463,000
people out of work. Find the (a) Labor Force Participation
Rate, and (b) Unemployment Rate
Answer within half hour and correct will give you positive
feedback.
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