1. If the Labor Force Participation Rate is defined as the percentage of working-age population working or seeking employment. What is that rate for July 2020, and show how to calculate the rate (%) as follows for the United States in July 2020. Note: I have used seasonally adjusted numbers as they are most widely cited. Also, you can check your answer by going to the website and seeing the data.

See HOUSEHOLD DATA: Summary table A.

https://www.bls.gov/news.release/archives/empsit_08072020.htm

Age 16+ Population = 260,373,000 individuals

Unemployed = 16,338,000 individuals

Employed = 143,532,000 individuals