Ellen is downloading labor market data for the most recent month, but her connection is slow and
Question:
Unemployment rate…………… 5.0%
Participation rate…………… 62.5%
Not in the labor force…………… 60 million
Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.
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The participation rate is 625 so that implies that 625 o...View the full answer
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