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In a recent year we have the following employment data: Civilian noninstitutional population = 2 3 9 , 0 0 0 Unemployed = 1 3

In a recent year we have the following employment data:
Civilian noninstitutional population =239,000
Unemployed =13,542
Civilian labor force =153,406
Not in labor force =85,594
Employed =139,864
Using the information above, answer these two questions:
a) What is the unemployment rate based on the above data?
b) What is the labor force participation rate for the above data?
Write your answer as:
A. The unemployment rate was approximately 8.8% and the labor force participation rate was 58.5%
B. The unemployment rate was approximately 8.8% and the labor force participation rate was 64%.
C. The unemployment rate was approximately 9.7% and the labor force participation rate was 64%
D. The unemployment rate was approximately 9.7% and the labor force participation rate was 58.5%

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