Question
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. What is
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. What is the total labor force? What is the labor force participation rate?
What is the unemployment rate? Suppose 286 of the 482 unemployed people have been unemployed for so long that they stop looking forwork. What is the new labor force? What is the new labor force participation rate? What is the new unemployment rate?
| Category | Number of people |
|---|---|
| Employed | 5905 |
| Unemployed | 482 |
| Not in the labor force | 581 |
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Business Law Text and Cases
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
11th Edition
324655223, 978-0324655223
