The Bureau of Labor Statistics reported that in December 2015, the labor force was 157.8 million, employment was 149.9 million, and the working-age population was 252.0 million. Calculate the unemployment rate and the labor force participation rate. The unemployment rate was nothing percent. >>> Answer to 1 decimal place. The labor force participation rate was nothing percent. >>> Answer to 1 decimal place.
The Bureau of Labor Statistics reported that in December 2015, the labor force was 157.8 million, employment was 149.9 million, and the working-age population was 252.0 million. Calculate the unemployment rate and the labor force participation rate. The unemployment rate was nothing percent. >>> Answer to 1 decimal place. The labor force participation rate was nothing percent. >>> Answer to 1 decimal place.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
The Bureau of Labor Statistics reported that in
December
2015,
the labor force was
157.8
million, employment was
149.9
million, and the working-age population was
252.0
million.Calculate the unemployment rate and the labor force participation rate.
The unemployment rate was
nothing
percent.>>> Answer to 1 decimal place.
The labor force participation rate was
nothing
percent.>>> Answer to 1 decimal place.
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