What is the value of the unemployment rate

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Reference no: EM13209578

Assume there are 600,000 residents of whom there are 20,000 residents under the age of 16, there are 30,000 institutionalized adults, there are 50,000 adults not looking for work, and there are 140,000 unemployed who are actively looking for work within the last week.

What is the size of the labor force?
What is the number of unemployed?
What is the number of employed?
What is the value of the unemployment rate?

Reference no: EM13209578

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