Suppose you are given the following information:

Total Population: 300 mil

Adult, noninstitutionalized, non-military popularity: 281 mil

Unemployed adults: 7 mils

a. If the labor force participation rate is 71.0%, calculate the size of the labor force:

b. Determine the number of Employed adults:

c. Calculate the unemployment rate:

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Chika IlonahLv10

29 Sep 2019

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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.

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1. For April 2015, the Bureau of Labor Statistics (BLS) estimates that the number of employed workers in the US was 148,523,000. The total number of workers who were not employed but were actively seeking work or waiting to be recalled from the layoff was 8,549,000. The total number of workers who were not employed and were neither looking for work nor waiting to be recalled from the layoff was 93,194,000.

a. Calculate the number of workers in the labor force and the adult working population.

b. Calculate the labor force participation rate and the unemployment rate.

c. Figure 2.1 in the lecture slides gives the same data, but for April 2013. Calculate the percentage change in the number of unemployed workers, the percentage change in the number of workers in the labor force, and the percentage change in the adult working population between April 2013 and April 2015.

d. Has the labor market improved between April 2013 and April 2015? Has it clearly improved, or is there a chance that it has not actually improved? Justify your answer. (Hint: Compare the labor force participation rate and the unemployment rate for April 2013 and April 2015).

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Using the following data, compute, (a) the unemployment rate, (b) the employment rate and (c) the labor force participation rate. The civilian noninstitutional population = 200 million, number of employed persons = 126 million, and number of unemployed persons = 8 million?

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