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1. . The US Bureau of Labor Statistics[1]reported the following data for May 2016: Workforce: 150,696,000 Employment: 144,041,000 Working-age population: 228,428,000 Calculate for that month:
1. . The US Bureau of Labor Statistics[1]reported the following data for May 2016: Workforce: 150,696,000 Employment: 144,041,000 Working-age population: 228,428,000 Calculate for that month: a. The unemployment rate. b. The labor force participation rate. c. The ratio of employment to population.
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