Question

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non-institutionalized population was 110.272 million, the labor force was 65.362 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about...:

Answer 1

Answer: 59.27% and 4.77%.

Explanation:

Given that,

In the year 2009:

Japanese adult non-institutionalized population = 110.272 million

Labor force = 65.362 million

Number of people employed = 62.242 million

Japanese labor-force participation rate = $\frac{Total\ labor\ force}{Total\ population}$

                                                                  =$\frac{65.362}{110.272}$

                                                                  = 0.5927 or 59.27%

Unemployment rate = $\frac{Total\ labor\ force - Number\ of\ people\ employed }{Total\ labor\ force}\times100$

                               = $\frac{65.362 - 62.242}{65.362}\times100$

                               = 4.77%