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3. In January: In February: 12,000 people were employed 2,400 were unemployed 15,600 were not in the labor force 300 people lost their jobs
3. In January: In February: 12,000 people were employed 2,400 were unemployed 15,600 were not in the labor force 300 people lost their jobs and didn't look for new ones 60 people quit their jobs and retired 150 unemployed people were hired 240 unemployed people quit the labor force 90 people entered the labor force to look for work (a) Calculate the unemployment rate, labor force participation rate, and employment to population ratio in January (b) Calculate the number of people unemployed, the number of people employed, and the number of people not in the labor force in February (c) Calculate the unemployment rate, labor force participation rate, and employment to population ratio i February
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