Question: Suppose the civilian noninstitutionalized population is 206 million, 74 million people are not working and labor force participation rate is 67%. What is the unemployment

Suppose the civilian noninstitutionalized population is 206 million, 74 million people are not working and labor force participation rate is 67%. What is the unemployment rate? Please include all steps on how to solve.

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When someone actively seeks job but is unable to do so this is referred to as being unemployed One i... View full answer

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