Given the below information you are to find the labor force participation rate and the unemployment rate. You
work and take all steps to receive credit. Your work must be done in a neat well
organized easy to follow manner
700,000
70,000
70,000
37,000
Population
Under 16
Incarcerated
Retired
Working Part Time
Looking For Full Time
Homemakers
Lost Job
77,000
30,000
77,000 17,000 of them have given up looking

Given the below information you are to find the labor force participation rate and the unemployment rate You work and take all steps to receive credit Your work class=

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Answer:

Remember that the unemployed are those who are out of work and who are actively looking for a job. We can calculate the unemployment rate by dividing the number of unemployed people by the total number in the labor force, then multiplying by 100.

Explanation: