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Identify groups of the population

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Assume the U.S. population is 355 million. Two million of these have jobs, while 39.8 million of the rest are either not included in the labor force or choose to be non-participants in the labor market.

  • Identify TWO groups in the population that are not included in the labor force and then explain why they are not included.
  • Identify TWO groups of the population that are non-participants in the labor market and then explain why they are non-participants.
  • Calculate the U.S. unemployment rate.

Reference no: EM132977112

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