Business, 16.03.2020 20:11, shelbyo1123

Suppose the civilian non-institutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.9 million are working part-time and 14.53 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job search activity for 3.20 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, the remaining 9.81 million who don't have jobs have not looked for work in the past six weeks. A. What is Laborland's total labor force?B. What is Laborland's labor force participation rate?C. How many people are unemployed in Laborland?D. What is Laborland's unemployment rate?

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Suppose the civilian non-institutionalized working-age population is 35.9 million in in a hypothetic...