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Determine the number of employed adults

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Reference no: EM131991506

Total Population - 300 million

Adult , noninstitutionalized, nonmilitary population - 230 million

Unemployed adults - 8 million

a. If the labor force participation rate is 72.0%, calculate the size of the labor force ___million.(rounded to one decimal place)

b. Determine the number of Employed adults: __million.(rounded to one decimal place)

c. Calculate the Unemployed rate ___%, (enter your response s a percentage rounded to two decimal places)

DATA: Employment Status of the Civilian Non-institutional Population - 2000

136.89 Employed 64.4%

69.99 Not in Labor Force 32.9%

5.69 Unemployed 2.68%

According to the above data the unemployed rate, the labor force rate, and the labor force participation rate are:

A.) 5.69%, 142.58, 67.07%

B.) 3.99%, 142,58, 69.99%

C.) 3.99%, 142.58, 67.07%

D.) 3.99%, 212.57, 67.07%

Reference no: EM131991506

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