Answer:
labor-force participation rate = 57 %
Unemployment rate = 5.1 %
Explanation:
Given :
Adult population = 62.2 million
Employed population = 33.7 million
Unemployed population = 1.8 million
Therefore labor force can be calculated by = ( Employed population + Unemployed population )
= 33.7 + 1.8
= 35.5 million
Thus labor-force participation rate = ( Labor Force / Adult Population ) x 100
= ( 35.5 / 62.2 ) x 100
= 57.07
~ 57 percent
Now,
Unemployment rate = ( Unemployed / Labor Force) x 100
= ( 1.8 / 35.5 ) x 100
= ( 1.8 / 35.5 ) x 100
= 5.07
~ 5.1
Therefore, labor-force participation rate = 57 %
Unemployment rate = 5.1 %
<span>The above proclamation is Whole Foods Market's higher purpose statement. The higher purpose statement is not to be confused with the company's motto, which is Whole Foods, Whole People, Whole Planet, but both statements show an emphasis on and commitment to the world as a whole. It is also separate from the supermarket chain's mission statement, which is a pledge to quality.</span>
Explanation:
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