The adult population in the town of Shelbyville is 150 thousand.If 100 thousand people are employed and 20 thousand are unemployed,then the labor force participation rate is approximately

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The labor force participation rate is the percentage of the adult population that is either employed or actively seeking employment. In this case, the labor force consists of the employed (100,000) and the unemployed (20,000) which equals 120,000. Dividing the labor force by the adult population and multiplying by 100 gives: (120,000/150,000) x 100 = 80%. Therefore, the labor force participation rate is approximately 80%.

The Adult Population in the Town of Shelbyville Is 150