In December 2002, Kwaki had a labour force of 14,757,000, employment of 13,097,000, and there were 7,994,000 people not in the labour force (all numbers rounded to the nearest 1000).
a. Calculate the unemployment rate.
b. Calculate the participation rate.
c. Calculate the employment ratio.

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The Answer of In December 2002, Kwaki had a labour force of 14,757,000, employment of 13,097,000, and there were 7,994,000 people not in the labour force (all numbers rounded to the nearest 1000).
a. Calculate the unemployment rate.
b. Calculate the participation rate.
c. Calculate the employment ratio.

In December 2002, Kwaki Had a Labour Force of 14,757,000