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