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The percentage of the people of working age who have jobs is called the ________.

A) inverse of the unemployment rate
B) employment-to-population ratio
C) employment-to-working-age-population ratio
D) labor force

User MattJenko
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Final answer:

The term for the percentage of the people of working age who have jobs is the 'employment-to-population ratio'. It is calculated by dividing the number of employed individuals by the total working-age population and multiplying by 100.

Step-by-step explanation:

The percentage of the people of working age who have jobs is called the employment-to-population ratio. This metric provides insight into the employment status of an economy by measuring the proportion of the total working-age population that is employed. To calculate this ratio, the number of employed individuals is divided by the entire working-age population, and then the result is multiplied by 100 to get a percentage.

For example, if there are 139.1 million employed persons out of a total working-age population of 237.8 million, the employment-to-population ratio would be calculated as follows: (139.1 million / 237.8 million) * 100 = 58.5%. This figure represents the percentage of the working-age population that is currently employed.

User Sagar Sukode
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