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Labor Force Participation Rate Calculation

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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Labor force participation rate= total labor force /

working-age ...

Solution Summary

Labor force participation rate is assessed.