a. The unemployment rate is (Enter your response rounded to two decimal places.) b. The 103 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as percent. c. Based on the above figures, the labour force participation rate is (Enter your response rounded to two decimal places.)

Suppose you are given the following information: Labor force Adults in the military Nonadult population Employed adults Institutionalized adults Nonmilitary, noninstitutionalized adults not in labor force a. What is the total population? 298.8 million. (Enter your response rounded to one decimal place.) b. Calculate the total number of unemployed people. million. (Enter your response rounded to one decimal place.) Calculate the unemployment rate. % (Enter your response as a percentage rounded to two decimal places.) 206.29 2.67 46.22 194.46 2.82 40.78

a ) Marie recently graduated from college with a degree in electrical engineering, but she has not yet started working. When will she be counted as “unemployed” according to the BLS? b) Eric was laid off, but he is expecting to be recalled. He has not looked for work since being laid off. Natalie is not employed, nor was she laid off. Who is counted as “unemployed” in the U.S. labor force statistics? c) What are the four different types of unemployment? Explain each.

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