Explain labor-force participation rate and unemployment rate


In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult non-institutionalized population was 7.568 million, the labor force was 4.888 million, and the number of people employed was 4.486 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about

a. 64.6% and 8.2%.

b. 59.3% and 8.2%.

c. 59.3% and 5.3%.

d. 64.6% and 5.3%

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Microeconomics: Explain labor-force participation rate and unemployment rate
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