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icang [17]
3 years ago
5

A country has a noninstitutionalized population of 243 million people. out of that number, 38 million are under the age of 16 70

million are full-time students and retirees 8 million are unemployed workers 31 million are underemployed 96 million are employed full-time what is the labor force participation rate? round to the nearest whole percentage.
Business
1 answer:
rosijanka [135]3 years ago
3 0

Answer:

The answer is 60%

Explanation:

Labor force is the total number of people that have job(employed) and the number of people who are willing, able and actively searching for job(unemployed) in a population.

Labor force participation rate is calculated by dividing the labor force by the noninstitutionalized population.

Labor force = employed + underemployed + unemployed

= 96 + 31 + 8

=135 million

So we have:

(135 ÷ 243) x 100 percent.

60% (the nearest whole percentage)

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