Given the following data,what is the labor force participation rate? Population 100 million
Non-institutionalized population,age 16 and over 75 million
Persons employed or seeking employment 50 million
Unemployed persons 5 million
A)50%
B)67%
C)75%
D)80%

Question

Quizplus · Accepted Answer

Labor force participation rate is the percentage of the non-institutionalized population aged 16 and over who are employed or seeking employment. 
Labor force participation rate = (Employed + Unemployed) / Non-institutionalized population aged 16 and over x 100
= (50 + 5) / 75 x 100
= 67%

Given the Following Data,what Is the Labor Force Participation Rate