Question: Here are some data for the U.S. economy for January 2014: 246.9 million Individuals 16 years of age and older 145.2 million employed

Here are some data for the U.S. economy for January 2014:
• 246.9 million Individuals 16 years of age and older
• 145.2 million employed
• 10.3 million unemployed
Calculate the labor force, the labor force participation rate, and the unemployment rate for the U.S. economy.

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