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p Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4 million are working part-time and 13.19 million
p Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4 million are working part-time and 13.19 million are working full-time. Assume the Bureau of Labor Statistics (BLS) denitions are used for calculating unemployment data. : Among those not working, the most recent job-search activity for 3.40 million happened less than two weeks ago, while 1.72 i million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for ) work ve weeks ago, and the remaining 12.33 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force? How many people are unemployed? What is the labor force participation rate? :70 What is the unemployment rate? :%
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