Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started