Problem 05-11 (algo) Skyler 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 Find the working-age population, the labor force, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses rounded to one decimal place. Working-age population: Labor force: million 6% 62.5% 63.5 million million Number of employed workers: Number of unemployed workers: million million

Problem 05-11 (algo) Skyler 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 Find the working-age population, the labor force, the number of employed workers, and the number of unemployed workers. Instructions: Enter your responses rounded to one decimal place. Working-age population: Labor force: million 6% 62.5% 63.5 million million Number of employed workers: Number of unemployed workers: million million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Problem 05-11 (algo)
Skyler 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
Find the working-age population, the labor force, the number of employed workers, and the number of
unemployed workers.
Instructions: Enter your responses rounded to one decimal place.
Working-age population:
Labor force:
million
6%
62.5%
63.5 million
Number of employed workers:
Number of unemployed workers:
million
million
million

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