Question: The BLS reported that in July 2000, the labor force was 140.4 million, employment was 134.7 million, and the working-age population was 209.8 mil-lion. Calculate

The BLS reported that in July 2000, the labor force was 140.4 million, employment was 134.7 million, and the working-age population was 209.8 mil-lion. Calculate for that month the:
a. Unemployment rate.
b. Labor force participation rate.

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