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TEA [102]
3 years ago
6

Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happe

n to the unemployment rate and the labor force participation rate LOADING... if homemakers were included in these​ numbers?
Business
1 answer:
sdas [7]3 years ago
3 0

Answer and Explanation:

Unemployment rate = (Unemployed/Labor force)*100

Labor Force Participation Rate = (Labor force/Adult population)*100

Labor force = number of unemployed + number of employed

Adult population = employed + unemployed + not in the labor force

When homemakers are included in the labor force as employed then the unemployment rate would go down, labor force would increase and so the labor force participation rate would increase.

The unemployment rate would decrease and the labor force participation rate would increase.

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