Find the size of the us labor force, Microeconomics

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Find the size of the us labor force

Suppose that the U.S. non-institutional adult population is 230 million and the labor force participation rate (LFPR) is 67 percent.

a. What would be the size of the U.S. labor force? (Hint: LFPR = Labor Force / Adult Pop.)
b. If 8 million adults are not working, what is the unemployment rate?

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Microeconomics: Find the size of the us labor force

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Microeconomics: Find the size of the us labor force

Reference No:- TGS040539

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: Find the size of the us labor force

Reference No:- TGS040539

Recent Questions Asked Microeconomics

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