suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million. what is the labor force participation rate? round your answer to the nearest tenth.

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21-10-2022
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suppose the adult population over the age of 16 is 237.8 million and the labor force is 153.9 million. what is the labor force participation rate? round your answer to the nearest tenth.

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kumarkrishna kumarkrishna · Answer 1 · 2022-10-24T13:07:20-04:00

The labor force is divided into employed persons and unemployed persons, the number of unemployed persons is 153.9 - 139.1 = 14.8 million.the adult population has the 83.9/237.8 = 35.3% persons out of the labor force.

All individuals who meet the qualifications to be counted as employed (civil employment plus active duty in the armed forces) or jobless are considered to be part of the labor force, also known as the currently active population. The armed forces comprise individuals from the metropolitan area who were enlisted during the time under review and were selected from the pool of all available labor force. People who are unemployed are those who are not now employed but are actively looking for jobs. This indicator is measured in individuals and is seasonally adjusted. The pool of people who are either employed or unemployed is referred to as the workforce or labor force.

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