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Illcome ap- 2. (5 points) Measuring Labor Market Conditions The nation of Narnia has a working-age population of 300,000 people. There are 166,000 peo- ple
Illcome ap- 2. (5 points) Measuring Labor Market Conditions The nation of Narnia has a working-age population of 300,000 people. There are 166,000 peo- ple currently employed, and of the 134,000 not currently employed: 38,600 are not working by choice; 77,400 are actively seeking work; and 18,000 are considered marginally attached because they have stopped seeking work but say they would accept a job if offered. Among these marginally attached are 10,000 discouraged workers who stopped searching because they could not find a job that was a good fit. a. (1 point) Calculate the employment-population ratio. b. (1 point) Calculate the labor force participation rate. c. (1 point) Calculate the U3 unemployment rate. d. (1 point) Calculate the U4 unemployment rate. e. (1 point) Calculate the U5 unemployment rate
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