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Calculate the labor participation rate with the data

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Reference no: EM132202066

Use the following data to answer the question below.

Working Age Population 250 million

Labor Force 190 million

Employed 175 million

a) What is the number of people not working who are currently seeking employment?

b) Calculate the unemployment rate with the data given above. Round the percent to te nearest tenth.

c) Calculate the labor participation rate with the data given above. Round the percent to the nearest tenth.

Reference no: EM132202066

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