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In addition to the unemployment rate, the BLS also calculates the labor force participation rate and the employment to population ratio. Imagine talking to that
In addition to the unemployment rate, the BLS also calculates the labor force participation rate and the employment to population ratio. Imagine talking to that young child again, (using your own words, and words that someone who hasn't done any of the reading or have much knowledge of the economy, how can you help a person understand?) what is the civilian working age population? how do you calculate the labor force participation rate? how do you calculate the employment to population ratio
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