in January 2021, the working-age population of the United States was 260.9 million. The working-age population is divided into those in the labor force (160.2 million) and those not in the labor force (100.7 million). The labor force is divided into the employed (150.0 million) and the unemployed (10.1 million). Those not in the labor force are divided into those not available for work (83 6 million) and those available for work (7.1 million). Finally, those available for work but not in the labor force are divided into discouraged workers (0.6 million) and those currently not working for other reasons (85 million) Use this data to help determine which one of the following statements is true OA OB The unemployment rate i 10.1 million 160.2 million The labor force participation rate is OC The labor force 260.9 million OD. Both A and B above are true 100-6.3% 160.2 million 2009 million 100-61.4%

in January 2021, the working-age population of the United States was 260.9 million. The working-age population is divided into those in the labor force (160.2 million) and those not in the labor force (100.7 million). The labor force is divided into the employed (150.0 million) and the unemployed (10.1 million). Those not in the labor force are divided into those not available for work (83 6 million) and those available for work (7.1 million). Finally, those available for work but not in the labor force are divided into discouraged workers (0.6 million) and those currently not working for other reasons (85 million) Use this data to help determine which one of the following statements is true OA OB The unemployment rate i 10.1 million 160.2 million The labor force participation rate is OC The labor force 260.9 million OD. Both A and B above are true 100-6.3% 160.2 million 2009 million 100-61.4%

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

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Question

K
In January 2021, the working-age population of the United States was 260.9 million. The working-age population is divided into
those in the labor force (160.2 million) and those not in the labor force (100.7 million). The labor force is divided into the
employed (150.0 million) and the unemployed (10.1 million). Those not in the labor force are divided into those not available for
work (93 8 million) and those available for work (7.1 million). Finally, those available for work but not in the labor force are
divided into discouraged workers (0.6 million) and those currently not working for other reasons (6.5 million).
Use this data to help determine which one of the following statements is true
OA
OB.
The unemployment rate is
10.1 million
160.2 million
The labor force participation rate is
OC. The labor force is 260.9 million
OD. Both A and B above are true.
x100-6.3%
160.2 milion
200.9 million
x100-61.4%
The Employment Status of the Civilians
Source: US Department
PRA
ment Situation Summar

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