In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non- institutionalized population was 110.272 million, the labor force was 65.362 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about
A) 56.4% and 2.8%.
B) 56.4% and 4.8%.
C) 59.3% and 2.8%.
D) 59.3% and 4.8%.

Question

Quizplus · Accepted Answer

The labor-force participation rate is calculated as (labor force / adult non-institutionalized population) * 100 = (65.362 / 110.272) * 100 ≈ 59.3%. The unemployment rate is calculated as ((labor force - employed) / labor force) * 100 = ((65.362 - 62.242) / 65.362) * 100 ≈ 4.8%.

In 2009, Based on Concepts Similar to Those Used to Estimate