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At the beginning of 2018, a town has 152,000 employed people and 8000 unemployed people.
The remaining 40,000 people in the town are not in the labor force.
Based on these numbers:
Problem A) Calculate the town's unemployment rate:
Problem B) Calculate the town's labor force participation rate:
Problem C) Calculate Suppose that 10,000 people decide to join the labor force. Of these 10,000 people 7,800 find jobs. What is the unemployment rate at the end of 2018?
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