Question 5
The table below shows the U.S. employment and unemployment date for 2017:
U.S.'s employment and unemployment
Total adult population over
254.082
million
the age of 16
In the labor force
a
152.081
Employed
million
7.635
Unemployed
million
Out of the labor force
b
4 pts
Using the data from the table:
• Find the values for $a$ (in the labor force), and $b$ (out of the labor force) by showing
your work!
• Calculate the U.S.'s unemployment rate and labor force participation rate.
Remember to show your work, if you provide only the final answer, you won't get
full credit!