Computation of labor force, unemployment rate, and labor force participation rate.

Question

Based on the information in the table below, calculate the labor force participation rate, and the percentage or workers out of the labor force: Total adult population over the age of 16 83 million Total in the labor force 63 million Total Employed 60 million Total Unemployed 3 million Total out of the labor force 20 million Group of answer choices Participation rate: 24.1%, Out of the labor force: 92.5% Participation rate: 75.9%; Out of the labor force: 24.1% Participation rate: 5%,Out of the labor force: 15% Participation rate: 24.1%, Out of the labor force:75.9%

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Chapter 15, Problem 1QR

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Computation of labor force, unemployment rate, and labor force participation rate.

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Based on the information in the table below, calculate the labor force participation rate, and the percentage or workers out of the labor force: Total adult population over the age of 16 83 million Total in the labor force 63 million Total Employed 60 million Total Unemployed 3 million Total out of the labor force 20 million Group of answer choices Participation rate: 24.1%, Out of the labor force: 92.5% Participation rate: 75.9%; Out of the labor force: 24.1% Participation rate: 5%,Out of the labor force: 15% Participation rate: 24.1%, Out of the labor force:75.9%

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