Use the following data to calculate (a) the labor force participation rate, (b) the unemployment rate, and (c) the employment/population ratio.
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Population age 16 and over
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15,000
|
|
Labor force
|
7,300
|
|
Not currently working
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4,500
|
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Employed Full-time
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5,000
|
|
Employed Part-time
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1,100
|
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Unemployed.
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1,200
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