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A) In 2018, the adult population (N) of the U.S. is approximately 259 million. The labor force is approximately 162.5 million and the number of
A) In 2018, the adult population (N) of the U.S. is approximately 259 million. The labor force is approximately 162.5 million and the number of employed workers (E) is approximately 156.5 million. What is the unemployment rate? What is the labor force participation rate?
B) In the April 2020 unemployment report, while the unemployment rate went up substantially, the average wage also moved up. How do you explain this?
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