Start with population-kick out all those not in labor forces

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Reference no: EM13733535

The following information is for the US economy in 1998: Find the US labor force, the number unemployed and the unemployment rate for 1998. Numbers are in millions. Hint: start with population and kick out all those not in the labor forces.

population: 270.2

under 16 or institutionalized: 65.0

retired, full time students, and other out of the labor force: 67.5

employed: 131.5

Reference no: EM13733535

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