1. The table shows the data reported by the Bureau of Labor Statistics in 2009.Labor Market DataCalculate the labor force, employment, and the unemployment rate.Labor force participation rate65.4 percentWorking-age populationThe labor force is 15434.4 million.>>> Answor with a whole number.Employment-to-population ratio236 million59.3 percentEmployment is 13994 8 million.>>> Answer with a whole number.The unemployment rate ispecbent.>>> Answer to 1 decimal place

Working age population = 236 Million Labor force participation = 0.654 * 236 = 154.344 million…

The table shows the data reported by the Bureau of Labor Statistics in 2009. Calculate the labor force, employment, and the unemployment rate. Labor Market Data Labor force participation rate 65.4 percent Working-age population 236 million The labor force is 15434.4 million. >>> Answer with a whole number. Employment-to-population ratio 59.3 percent Employment is 13994 8 million. >>> Answer with a whole number. The unemployment rate ispedhent. >>> Answer to 1 decimal place

The table shows the data reported by the Bureau of Labor Statistics in 2009. Calculate the labor force, employment, and the unemployment rate. Labor Market Data Labor force participation rate 65.4 percent Working-age population 236 million The labor force is 15434.4 million. >>> Answer with a whole number. Employment-to-population ratio 59.3 percent Employment is 13994 8 million. >>> Answer with a whole number. The unemployment rate ispedhent. >>> Answer to 1 decimal place

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 table shows the data reported by the Bureau of Labor Statistics in 2009.
Labor Market Data
Calculate the labor force, employment, and the unemployment rate.
Labor force participation rate
65.4 percent
Working-age population
The labor force is 15434.4 million.
>>> Answor with a whole number.
Employment-to-population ratio
236 million
59.3 percent
Employment is 13994 8 million.
>>> Answer with a whole number.
The unemployment rate ispecbent.
>>> Answer to 1 decimal place

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