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Labor force participation, Unemployment, Employment rate

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Total labor force was 150,000,000 of a possible 230,000,000 working-age adults. The total number of unemployed people was 7,300,000.

1. Labor force participation rate

2. Unemployment Rate

3. Employment Rate.

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The solution discusses labor force participation, uneployment, and employment rate.

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Need help on how to calculate rates. Total labor force was 150,000,000 of a possible 230,000,000 working-age adults. The total number of unemployed people was 7,300,000.

Total labor force (Employed + ...

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