In 2016 what percentage of the labor force was employed?what percentage of the labor force was unemployed?what percentage of the total population was employed? ### Economic Data Overview (2000-2016)Below is a detailed table summarizing the key economic indicators over the years from 2000 to 2016. This data provides an overview of population, labor force, and unemployment trends within the specified period.| Year | Total Population (in thousands) | Labor Force (in thousands) | Unemployment (in thousands) ||------|---------------------------------|----------------------------|-----------------------------|| 2000 | 282,434 | 142,583 | 5,692 || 2001 | 285,545 | 143,734 | 6,801 || 2002 | 288,600 | 144,863 | 8,378 || 2003 | 291,049 | 146,510 | 8,774 || 2004 | 293,708 | 149,401 | 8,149 || 2005 | 296,639 | 149,320 | 7,591 || 2006 | 299,801 | 151,428 | 7,001 || 2007 | 302,045 | 153,124 | 7,078 || 2008 | 304,906 | 154,287 | 8,924 || 2009 | 307,007 | 154,142 | 14,265 || 2010 | 309,438 | 153,889 | 14,825 || 2011 | 311,663 | 153,617 | 13,747 || 2012 | 313,998 | 154,995 | 12,506 || 2013 | 316,205 | 155,389 | 11,460 || 2014 | 318,563 | 155,922 | 9,617 || 2015 | 320,897 | 157,130 | 8,296 || 2016 | 323,127 | 159,187 | 7,751 |#### Explanation of Data1. **Total Population**: Represents the total number of people in thousands for

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In 2016 what percentage of the labor force was employed? what percentage of the labor force was unemployed? what percentage of the total population was employed?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

In 2016

what percentage of the labor force was employed?

what percentage of the labor force was unemployed?

what percentage of the total population was employed?

### Economic Data Overview (2000-2016)

Below is a detailed table summarizing the key economic indicators over the years from 2000 to 2016. This data provides an overview of population, labor force, and unemployment trends within the specified period.

| Year | Total Population (in thousands) | Labor Force (in thousands) | Unemployment (in thousands) |
|------|---------------------------------|----------------------------|-----------------------------|
| 2000 | 282,434 | 142,583 | 5,692 |
| 2001 | 285,545 | 143,734 | 6,801 |
| 2002 | 288,600 | 144,863 | 8,378 |
| 2003 | 291,049 | 146,510 | 8,774 |
| 2004 | 293,708 | 149,401 | 8,149 |
| 2005 | 296,639 | 149,320 | 7,591 |
| 2006 | 299,801 | 151,428 | 7,001 |
| 2007 | 302,045 | 153,124 | 7,078 |
| 2008 | 304,906 | 154,287 | 8,924 |
| 2009 | 307,007 | 154,142 | 14,265 |
| 2010 | 309,438 | 153,889 | 14,825 |
| 2011 | 311,663 | 153,617 | 13,747 |
| 2012 | 313,998 | 154,995 | 12,506 |
| 2013 | 316,205 | 155,389 | 11,460 |
| 2014 | 318,563 | 155,922 | 9,617 |
| 2015 | 320,897 | 157,130 | 8,296 |
| 2016 | 323,127 | 159,187 | 7,751 |

#### Explanation of Data

1. **Total Population**: Represents the total number of people in thousands for

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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