Question
Suppase thet you are given the bolowing imformstion Tolal Populabon Adult, noninsttutionalzed, nonmlitary population Unemployed adufts 300 milioni 253 milior aduts a It the labor forcae partio " ir the lat or one patiopaton rale is 73 0% calculate the sze of he b Deter, me the number of Emp loyed adults m 1 on (Enter your response round dto one deci nal place) labor torce I milion (Enter your respanse rounded to one decimal place) ne the number of Employed adultsmilion (Enter your rasponse rounded to one decimal place ) Caitiate the Unemployment late | ale ¾ (Enter your response as a percentago rounde, tho recima, plane | (Enter your response as a percentage e un d tomo o canal places Enter your answer in each of the answer boxes.
Explanation / Answer
a) size of labour force =total active emplyable adults*participation rate =253*0.73 million=184.7 million
b)Number of employed adults =184.69-5 =179.7 million
c)unemployment rate =(5/184.69)*100 =2.71%