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Suppose the civilian noninstitutionalized working-age population is 35.9 million. Of these, 4.6 million are working part-time and 15.71 million are working full-time. The Bureau of
Suppose the civilian noninstitutionalized working-age population is 35.9 million. Of these, 4.6 million are working part-time and 15.71 million are working full-time. The Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 9.81 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. A) What size is the total labor force? B) How many people are unemployed? C) What is the labor force participation rate? D) What is the total unemployment rate
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