The size of the labor force-unemployment rate

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Reference no: EM13696690

Recent data for the U.S. reveal the following (all figures in millions).

Total population 304.2

Under 16 or institutionalized 71.1

Employed 146.3

Unemployed 7.6

Use the data to find the following:

a. The size of the labor force.

b. The number classified as "not in the labor force."

c. The unemployment rate.

Reference no: EM13696690

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