Suppose the government of a small nation has provided the following data:

Adult Population	692,000
Full-time Workers	401,360
Part-time Workers	14,532
Unemployed workers actively looking for work	36,361
Unemployed workers who have become discouraged	11,764
Part-time workers under 16	2,076
Unemployed workers under 16 actively looking for work	692

Instructions: Round your answers 2 decimal places.

What is the labor force participation rate? ____ percent

What is the unemployment rate? _____ percent

Answer rating: 100% (QA)

To calculate the labor force participation rate and the unemployment rate we need to use the followi... View the full answer