Employment population ratio and unemployment rate

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Reference no: EM131165134

The US Bureau of Labor Statistics reports the most recent seasonally adjusted monthly statistics for the nation, which are listed below.

Population: 209,543,000

labor force(Employed and Unemployed): 140,757,000

not in labor force: 68,786,000

employed: 135,183,000

Unemployed(not employed but looking for work): 5,574,000

Use the data to calculate the following questions:

a. Calculate labor force size (# of people in labor force) and labor force participation rate (LFPR).

b. Calculate employment population ratio (EPR) and unemployment rate (UR).

Reference no: EM131165134

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