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Using the data below, calculate the unemployment rate and labor force participation rate for January 2020, April 2020, and December 2021. Based on the material
Using the data below, calculate the unemployment rate and labor force participation rate for January 2020, April 2020, and December 2021. Based on the material discussed in class, provide a brief explanation for the differences in these two statistics for the three time periods. Is the current economy in "full employment"? Explain. Employment data -- USA [in thousands) Jan-20 Apr-20 Dec-21 Working age 259.502 259.896 262.136 population Labor Force 164 479 156.358 162.294 Employed 158.653 133,320 155.975 Unemployed 5.826 23.038 6.319
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