In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million,unemployment of 12.4 million,and employment of 141.6 million.Based on these numbers the labor-force participation rate was
A)154/234.9.
B)141.6/234.9.
C)141.6/154.
D)None of the above is correct.

Question

Quizplus · Accepted Answer

The labor-force participation rate is calculated as the labor force divided by the adult population. The labor force is the sum of employment and unemployment, which is 141.6 + 12.4 = 154 million. Therefore, the labor-force participation rate is 154/234.9.

In June 2009 the Bureau of Labor Statistics Reported an Adult