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In june 2009 the bureau of labor statistics reported an adult population of 234. 9 million, unemployment of 12. 4 million, and employment of 141. 6 million. Based on these numbers the labor-force participation rate was.



Answer :

OneeRa

The labor-force participation rate was 65.5 %. This result is obtained by dividing the labor-force by the adult population.

How to calculate the labor-force participation rate?

The labor-force is the sum of adult people who are employed and unemployed. The labor-force participation rate is calculated as: (labor force ÷ adult population) x 100.

In 2009, it was reported that

  • Adult population = 234.9 million
  • Unemployment = 12.4 million
  • Employment = 141.6 million

Based on these numbers, what was the labor-force participation rate?

First, we find the labor -force.

The labor-force was

= unemployment + employment

= 12.4 + 141.6

= 154 million

With that number, the labor-force participation rate was

= (labor force ÷ adult population) x 100

= (154 ÷ 234.9) × 100

= 0.6555 × 100

= 65.5 %

Hence, the labor-force participation rate is 65.5%.

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