The labor force participation rate for this simple economy equals 13.3
Added by Carolyn C.
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The labor force participation rate is the percentage of the working-age population (ages 16 and older) that is either employed or actively seeking employment. Show more…
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If the number of employed persons in a country equals 135 million, the number of unemployed persons equals 19 million, and the number of persons over age 16 in the population equals 183 million, the participation rate equals:
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What is the labor force participation rate?
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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)
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