3). The table below uses data for the year 2003 provided by the Bureau of Labor
ID: 1185943 • Letter: 3
Question
3). The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S. data. All values are in thousands. Fill in the blank entries in the table.(4 points).
Country
Adult
Population
Labor
Force
Employed
Unemployed
Unemployment
Rate
Labor-Force
Participation
Rate
Japan
109,474
?
62,510
3,500
?
?
France
?
26,870
?
2,577
?
57.41
Germany
70,159
39,591
?
?
9.69
?
Country
Adult
Population
Labor
Force
Employed
Unemployed
Unemployment
Rate
Labor-Force
Participation
Rate
Japan
109,474
?
62,510
3,500
?
?
France
?
26,870
?
2,577
?
57.41
Germany
70,159
39,591
?
?
9.69
?
Explanation / Answer
labor force for japan = 62510 + 3500 = 66010
unemployment rate = 3500 * 100/66010 = 5.3%
labor participation force = 66010 * 100 / 109474 = 60.297%
france
adult population is 26870 / 0.5741 = 46804
employed = 26870 - 2577 = 24293
unemployement rate = 9.59%
germany
unemployed = 39591 * 0.0969 = 3836
employed = 39591 - 3836= 35755
Labor force participation = 39591 * 100 / 70159 = 56.43%
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