The bureau of labor statistics reported that in 2004 the


The Bureau of Labor Statistics reported that in 2004 the total labor force was 147,401 thousand of a possible 223,357 thousand working-age adults. The total number of unemployed was 8,149 thousand. From this information, calculate the following:

a. Labor Force Participation Rate

Instructions: Round your answer to 1 decimal place.

b. Unemployment Rate

Instructions: Round your answer to 1 decimal place.

c. Employment-population ratio

Instructions: Round your answer to 1 decimal place.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: The bureau of labor statistics reported that in 2004 the
Reference No:- TGS01496517

Expected delivery within 24 Hours