Question: Ellen is downloading labor market data for the most recent month, but her connection is slow and so far this is all she has been
Ellen is downloading labor market data for the most recent month, but her connection is slow and so far this is all she has been able to get:
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 full answer
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