The U.S. Bureau of Labor Statistics just published the following US information for the month of October: People employed was 170.8 million. The number of people incapable of working was 74.5 million, and those not looking for a job counted to 66.9 million. There was a total of 278.9 million working-age adults and total population was 323.2 million. From this information, calculate: Instructions: Round your answer to no decimal place. Do not round values if used to complete other calculations. The labor force is: The unemployment rate in October was Labor force participation rate was million. Employment to population ratio was %. %.

The U.S. Bureau of Labor Statistics just published the following US information for the month of October: People employed was 170.8 million. The number of people incapable of working was 74.5 million, and those not looking for a job counted to 66.9 million. There was a total of 278.9 million working-age adults and total population was 323.2 million. From this information, calculate: Instructions: Round your answer to no decimal place. Do not round values if used to complete other calculations. The labor force is: The unemployment rate in October was Labor force participation rate was million. Employment to population ratio was %. %.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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