• The following table gives statistics on the labor force and total employment during year 1 and year 5. Make the computations necessary to complete the table. (Numbers of persons are in thousands.) Year 1 Year 5 Labor force 84,900 95,400 Employed 80,700 87,500 Unemployed Unemployment rate

• The following table gives statistics on the labor force and total employment during year 1 and year 5. Make the computations necessary to complete the table. (Numbers of persons are in thousands.) Year 1 Year 5 Labor force 84,900 95,400 Employed 80,700 87,500 Unemployed Unemployment rate

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

• The following table gives statistics on the labor force and total employment during year 1 and year 5. Make the computations necessary to complete the table. (Numbers of
persons are in thousands.)
Year 1 Year 5
Labor force
84,900 95,400
Employed
80,700 87,500
Unemployed
Unemployment
rate

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