The Bureau of Labor Statistics reported that in 2004 the total labor force was 147,401 thousand of a possible 223,357 thousand working-age adults. The total number of unemployed was 8,149 thousand. From this information, calculate the following:
a. Labor Force Participation Rate
Instructions: Round your answer to 1 decimal place.
b. Unemployment Rate
Instructions: Round your answer to 1 decimal place.
c. Employment-population ratio
Instructions: Round your answer to 1 decimal place.