Solved: Unemployment rate and employment rate based problem, Macroeconomics

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Unemployment rate and employment rate based problem

Question: The Bureau of Labor Statistics reported that in January 2000 the total labor force was 140,910,000 of a possible 208,782,000 working-age adults. The total number of unemployed was 5,689,000. From this information, calculate the following:

a. Labor force participation rate

b. Unemployment rate

c. Employment rate

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Macroeconomics: Unemployment rate and employment rate based problem

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