Final answer:
To calculate the missing values, use formulas for the labor force, unemployment rate, and labor force participation rate based on data from the household survey of working-age population, employed, and unemployed.
Step-by-step explanation:
The student's question revolves around calculating missing values such as the unemployment rate and labor force participation rate using provided data from a household survey. To calculate missing values, we need to understand that the labor force is the sum of the employed and unemployed individuals. The unemployment rate is the percentage of the labor force that is unemployed, and the labor force participation rate is the percentage of the working-age population that is in the labor force.
To find the missing values, we can utilize the following formulas:
- Labor Force = Employed + Unemployed
- Unemployment Rate = (Unemployed / Labor Force) * 100
- Labor Force Participation Rate = (Labor Force / Working-Age Population) * 100
Using the numbers from the survey given in the question would look like this, if they were complete:
- Labor Force = 151,074 (Employed) + 7,784 (Unemployed) = 158,858
- Unemployment Rate = (7,784 / 158,858) * 100 = 4.9%
- Labor Force Participation Rate = (158,858 / 252,556) * 100 = 62.9%