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The following table contains information for the U.S. for 2001. U.S. Economy: 2001 Thousands of persons Civilian labor force 143,772 Civilian employment 136,940 Civilian working-age

The following table contains information for the U.S. for 2001.

U.S. Economy: 2001Thousands of persons
Civilian labor force143,772
Civilian employment136,940
Civilian working-age population215,227

Compute the unemployment rate and the labor force participation rate.

a. unemployment rate = 4.75 percent; labor force participation rate = 66.8 percent

b. unemployment rate = 4.75 percent; labor force participation rate = 95.25percent

c. unemployment rate = 9.52percent; labor force participation rate = 66.8 percent

d. unemployment rate = 3.17percent; labor force participation rate = 48.8 percent

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