Question

On Coral Island in​ 2012, the labor force is​ 12,000, the unemployment rate is 10​ percent, and the labor force participation rate is 60 percent. During​ 2013, 200 unemployed people found jobs and the​ working-age population increased by 1,000. The total number of people in the labor force did not change. The working-age population at the end of 2013 was _______. The unemployment rate at the end of 2013 was ________. Round up to the second decimal. The labor force participation rate at the end of 2013 was _________. Round up to the second decimal.

Answer 1

Answer: Working-age population is 21,000, Unemployment rate - 8.3 percent, Labor force participation rate - 57.1 percent