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The small coastal town of Innsmouth in Essex County, MA has a total population of five thousand, of whom four thousand are aged sixteen and
The small coastal town of Innsmouth in Essex County, MA has a total population of five thousand, of whom four thousand are aged sixteen and above. The nearby Miskatonic University is currently studying the towns labor force after recent allegations of unusual work patterns by the towns inhabitants. The universitys labor economists find that only one thousand of the towns inhabitants are currently employed, mostly at a small gold refinery running of the leanest kind of parttime. A further townspeople are classified as unemployednot working but currently searching for new employment.
Based on these finding, what is Innsmouths current labor force participation rate and percentage out of the labor force?
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