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With an adult population of 95 of which 50 are employed and 20 are unemployed, calculate: Unemployment rate Labor force participation rate (show all working)
With an adult population of 95 of which 50 are employed and 20 are unemployed, calculate:
- Unemployment rate
- Labor force participation rate (show all working)
The following links can help: https://www.youtube.com/watch?v=9EV1eGA2RD8 (calculation of unemployment rate and labor force participation rate)
https://www.youtube.com/watch?v=zYYxIdJlgFE&t=52s
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