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Calculate labor force participation rate

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Reference no: EM131814927

Orsinia has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor:

Total population

24,512,311

Military personnel

98,539

People below 16 years of age

4,240,102

People in elderly care centers

1,232,130

People who didn't look for job in last 4 weeks

831,304

House wives whose sole activity is home-making

3,424,204

Volunteers

313,200

Self-employed people

3,423,042

Calculate labor force participation rate.

Reference no: EM131814927

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