Total population= 150 Adult population= 100 #Unemployed= 5 #Employed= 90 Based o

Question

Total population= 150 Adult population= 100 #Unemployed= 5 #Employed= 90 Based on the information above, calculate the: 1) labor force 2) unemployment rate 3) labor-force participation rate Total population= 150 Adult population= 100 #Unemployed= 5 #Employed= 90 Based on the information above, calculate the: 1) labor force 2) unemployment rate 3) labor-force participation rate Total population= 150 Adult population= 100 #Unemployed= 5 #Employed= 90 Based on the information above, calculate the: 1) labor force 2) unemployment rate 3) labor-force participation rate

Explanation / Answer

A. Labour force can be defined as the part of total population who are either employed or unemployed but actively seeking for job.

According to the information given

Labour force=. Employed+unemployed

90+5=95 will be the labor force.

B. Unemployment rate=unemployed people÷ labor force×100

5/95×100=5.26% is the unemployment rate.

C. Labour force participation rate=labor force ÷ adult population

95÷100= .95 will be the labor force participation rate.

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