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Economics
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22 Oct 2020

Consider the following information

Total population= 60,000

Working-age population= 50,000

Employed= 30,000

Unemployed= 5,000     

Calculate the labor participation rate

Booster class
Macroeconomics
Skill
Computation of unemployment rate
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Vaishali Yadav
Vaishali YadavLv10
22 Oct 2020

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Related questions

The unemployment rate equals

A. (number of people unemployed + labor force) x 100

B. (number of people employed - number of people unemployed) + labor force x 100

C. (number of people unemployed + working-age population) x 100

D. (number of people unemployed + number of people employed) x 100

E. (labor force + working-age population) x 100

 

The Bureau of Labor Statistics reported that in April 2009, the total labor force was 154,731,000 of a possible 235,272,000 working-age adults. The total number unemployed was 13,724,000. From this information, calculate the following:

a) Labor force participation rate.

b) Unemployment rate.

c) Employment-population ratio.

 
The labor-force participation rate measures the percentage of the:
 
(i) total adult population that is in the labor force.
(ii) total adult population that is employed. 
(iii) labor force that is either employed or unemployed.
(ic) labor force that is employed.

 

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