Suppose that the U. noninstitutional adult population is 206 million and the labor force participation rate is 67%.

 

 

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Unemployment rate 1
U.S. labor force = 206*0.67= 138.02
U.S. non labor force= 206*0.33=67.98 million
Unemployed = 72-67.98=4.02 million Unemployment rate = unemployed
(employed +unemployed )…

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