The US Bureau of Labor Statistics reports the most recent seasonally adjusted monthly statistics for the nation, which are listed below.
Population: 209,543,000
labor force(Employed and Unemployed): 140,757,000
not in labor force: 68,786,000
employed: 135,183,000
Unemployed(not employed but looking for work): 5,574,000
Use the data to calculate the following questions:
a. Calculate labor force size (# of people in labor force) and labor force participation rate (LFPR).
b. Calculate employment population ratio (EPR) and unemployment rate (UR).