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You have been asked by the king of the small island nation of Littleston to present the labor force data listed below. Number of employed

You have been asked by the king of the small island nation of Littleston to present the labor force data listed below.

Number of employed Working-age population Labor force 20,000 40,000 38,000

Using this data, calculate the number of unemployed people, the unemployment rate, and the labor force participation rate.

Enter your answers in the table below.(Give all answers to two decimals.) Number of unemployed people Unemployment rate Labor force participation rate % %

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You have been asked by the king of the small island nation of Littleston to present the labor force data listed below.

Number of employed Working-age population Labor force 20,000 40,000 38,000

Using this data, calculate the number of unemployed people, the unemployment rate, and the labor force participation rate.

Enter your answers in the table below.(Give all answers to two decimals.) Number of unemployed people Unemployment rate Labor force participation rate % %

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