Labor Force Statistics by Age.Suppose people in the adult population in a small country are classified based on their age. $$\begin{array} { | l | c | c | }
\hline { \text { Lebar Farce Status } } & \text { lets then 55 } & 55 \text { and alder } \
\hline \text { Number enplayed } & 400,000 & 100,000 \
\hline \text { Number unamplayed } & 25,000 & 7,000 \
\hline \text { Numbe in Papulation } & 600,000 & 200,000 \
\hline
\end{array}$$
-Refer to Labor Force Statistics by Age. In the proper order, which age group has the highest unemployment rate and which has the highest participation rate?

Question

Labor Force Statistics by Age.Suppose people in the adult population in a small country are classified based on their age. $$\begin{array} { | l | c | c | } 
\hline  { \text { Lebar Farce Status } } & \text { lets then 55 } & 55 \text { and alder } \
\hline \text { Number enplayed } & 400,000 & 100,000 \
\hline \text { Number unamplayed } & 25,000 & 7,000 \
\hline \text { Numbe in Papulation } & 600,000 & 200,000 \
\hline
\end{array}$$
-Refer to Labor Force Statistics by Age. In the proper order, which age group has the highest unemployment rate and which has the highest participation rate?

Quizplus · Accepted Answer

The unemployment rate is higher for the 55 and older group (7,000 unemployed out of 107,000 in the labor force) compared to the under 55 group (25,000 unemployed out of 425,000 in the labor force). The participation rate is higher for the under 55 group (425,000 in the labor force out of 600,000 in the population) compared to the 55 and older group (107,000 in the labor force out of 200,000 in the population).

Labor Force Statistics by Age -Refer to Labor Force Statistics by Age