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Suppose there are 81.0 million people not in the labor force; 154.0 million in the civilian labor force, and 140.9 million employed. Based on these numbers, what is the labor-force participation rate

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thaovtp1407

Answer:

65.5%  

Step-by-step explanation:

As we know that:

  • 81.0 million people not in the labor force
  • 154.0 million in the civilian labor force (employed and unemployed)
  • 140.9 million employed (are working)

=> the labor-force participation rate= [tex]\frac{numbers of labour force}{total number of people}[/tex] = [tex]\frac{140.9}{81+154}[/tex]*100 = 65.5%  

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