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Question-
Use the following statistics Population 500,000 Not in labor force 75,000 Labor force 425,000 Employed 405,200 Unemployed 20,000 1. The nation's unemployment rate is:
a) 4.7%
b) 3.6%
c) 5.9%
d) 5.1% 2. The nation's labor force participation rate is:
a) 81%
b) 85%
c) 95.3%
d) 90%
e) 87.3% 3. The nation's employment rate is:
c) 87.5%
e) 95.3%
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