Question

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non-institutionalized population was 110.272 million, the labor force was 65.362 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about...:

Answer 1

Answer: 59.27% and 4.77%.

Step-by-step explanation:

Given that,

In the year 2009:

Japanese adult non-institutionalized population = 110.272 million

Labor force = 65.362 million

Number of people employed = 62.242 million

Japanese labor-force participation rate =
`(Total\ labor\ force)/(Total\ population)`

=
`(65.362)/(110.272)`

= 0.5927 or 59.27%

Unemployment rate =
`(Total\ labor\ force - Number\ of\ people\ employed )/(Total\ labor\ force)*100`

=
`(65.362 - 62.242)/(65.362)*100`

= 4.77%