Question

Suppose the civilian noninstitutionalized working age population is 35.9 million in Laborland, 4.6 million are working part time, and 15.71 million are working full time. Laborland used the Bureau of Labor Statistics (BLS) definitions for unemployment date. Among those not working, the most recent job search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, the remaining 9.81 million who don't have jobs have not looked for work in the past six weeks. Round your answers to two decimal places

What is Laborland's total labor force?


What is Laborland's labor force participation rate?


How many people are unemployed in Laborland?


What is Laborland's unemployment rate?

Answer 1

Answer+

What is Laborland´s total labor force?

Answer: 25.23 million

What is laborland´s labor force participation rate?

Answer: 70.28%

How many people are unenployed in laborland?

Answer: 4.92 million

What is Laborland´s unenployemt rate?

Answer: 19.5%