Question

The labor force is 100 million and the unemployment rate is 5 percent. Due to a...

The labor force is 100 million and the unemployment rate is 5 percent. Due to a long recession, one million unemployed workers stopped looking for a job. WAP is 150 million.

Calculate the new unemployment rate. *

4 points

4.040%

4.202%

4.264%

4.317%

Calculate the new employment rate. *

4 points

76.000%

82.333%

88.667%

63.333%

Calculate the new LFPR. *

4 points

79.333%

86.000%

66.000%

92.667%

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