In 2016 the Bureau of Labor Statistics reported that there were 62.2 million people over age 25 whose highest level of education was a high school degree or equivalent.Of these,33.7 million were employed and 1.8 million were unemployed.What were the labor-force participation rate and the unemployment rate for this group?
A)54.2% and 2.9%
B)54.2% and 5.1%
C)57% and 2.9%
D)57% and 5.1%

Question

Quizplus · Accepted Answer

The labor force participation rate is the percentage of the total population in the age range of 16 to 64 that is either employed or actively seeking employment. 
So, the labor force participation rate for the group with a high school degree or equivalent would be: 
((33.7 million employed +1.8 million unemployed) / 62.2 million) x 100 =57%.

The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment. 
So, the unemployment rate for this group would be: 
(1.8 million / (33.7 million employed + 1.8 million unemployed)) x 100 = 5.1%.

Therefore, the correct choice is D.

In 2016 the Bureau of Labor Statistics Reported That There