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Calculate the labor force

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Use the hypothetical data in the table below to calculate the Labor Force (in millions) and the rate of unemployment (as a percentage) in each year.

Unemployed             Employed

Year 1            9.6 million                 150.4 million

Year 2            12.4 million               142.6 million

Year 1

Labor Force =                                 unemployment rate =

Year 2

Labor Force =                                 unemployment rate =

Reference no: EM131988755

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