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a. Compute the Labor Force: Employed: 40,000,000 Unemployed: 2,000,000 Labor Force: b. Compute the unemployment rate: Employed: 26,000,000 Unemployed: 2,000,000 unemployment rate: percent c.

a. Compute the Labor Force: Employed: 40,000,000 Unemployed: 2,000,000 Labor Force: b. Compute the unemployment rate: Employed: 26,000,000 Unemployed: 2,000,000 unemployment rate: percent c. Compute the labor force participation rate: Employed: 26,000,000 Unemployed: 3,000,000 Not in Labor Force: 5,000,000 Labor Force Participation Rate: percent

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