Given the following information about our population and labor force, calculate the labor force participation rate and the unemployment rate. [140.0 ÷ 310.0] = 45% Labor Force Participation Rate [11.8 ÷ 140.0] = 8.4% Unemployment Rate (U3) [140.0 + 2.3] ÷ [310.0] = 46% Labor Force Participation Rate [11.8 - 2.3] ÷ [140] = 6.8% Unemployment Rate (U3) [140.0] ÷ [310.0 - 155.0] = 90% Labor Force Participation Rate [11.8] ÷ [310.0 - 155.0] = 7.6% Unemployment Rate (U3)
Added by Robin M.
Step 1
0}{310.0} \times 100\% = 45\% \] Show more…
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