Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In August 2020, the civilian noninstitutionalized population over the age of 16 increased to 260,558,000 and the size of the labor force was 160,722,000. The

In August 2020, the civilian noninstitutionalized population over the age of 16 increased to 260,558,000 and the size of the labor force was 160,722,000. The number of people seeking work increased to 13,521,000. c. Calculate the labor force participation rate in August 2020. Round to hundredths of a percentage. Show your work. d. Calculate the unemployment rate in August 2020. Round to hundredths of a percentage Show your work. e. Look up and report the number of discouraged workers in Aug

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Macroeconomics

Authors: Eric Chiang

3rd edition

978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435

More Books

Students also viewed these Economics questions

Question

2. To store it and

Answered: 1 week ago