The BLS reported in 2005 that there were 28.19 million people over age 25 who had no high school degree or its equivalent.In this group 11.73 million were employed and 1.04 million were unemployed.About what were the labor-force participation rate and the unemployment rate for this group?

Question

Quizplus · Accepted Answer

Labor-force participation rate = (employed + unemployed) / total population in group = (11.73 + 1.04) / 28.19 = 45.3%
Unemployment rate = unemployed / (employed + unemployed) = 1.04 / (11.73 + 1.04) = 8.1%

The BLS Reported in 2005 That There Were 28