Calculate Labor Force Participation Rate Total Population: 500,270,378 Homemakers: 12,874,567 Retired: 42,687,155 Labor Force: 425,314,672 Under the Age of 16: 17,322,654 Discouraged Workers: 37,678,228 Employed: 399,482,365 Underemployed: 14,977,312

The term that describes the difference in wage rates in the labour market is called:      Occupational wage structure      Wage differential      Adjustment Lag     Compensating wage differentials      Labour market barriers

Three examples of people over 15 years of age, not participating in the labour force are and 19

Real Wage Number of Workers Demanded Labor Force Participation Rate 60  120,000,000 30% 70  110,000,000 35% 80  100,000,000 40% 90  90,000,000 45% 100 80,000,000 50% 110  70,000,000 55% 120 60,000,000 60% 130 50,000,000 65% 140 40,000,000 70% 150 30,000,000 75% 160  20,000,000 80% 170    10,000,000 85% Ignore what happened in the previous question. The table above shows some pieces of information about the labor market condition in a country. It shows the number of workers demanded in the country at different levels of real wage. It also shows the labor force participation rates at those real wage levels. For example, if the real wage is 60, only 30% of the civilian population will participate in the labor force. If the real wage is 170, some 85% will participate in the labor force. The general price level in this country is P = 100. The civilian population in this country is 100 million persons. Assume that wages and prices are fully flexible upwards and…

The town of Willbegon has a labor force of 32 comma 268, of whom 30 comma 502 are employed. The remaining 17 comma 194 people in the town are not in the labor force. Part 2 Based on these numbers, calculate Willbegon's employment ratio (in decimals, to three decimal places): enter your response here.

- occurs when workers have left long term jobs but have not fully withdrawn from the workforce.

According to the Department of Labor, what occupation did not require a labor certificate? Group of answer choices A. Farming, fishing and forestry B. Construction and engineering C. Business, management and administration D. Science and medicine

Adult Population (civilian, non- institutionalized) 14,000 Employed Unemployed Not in Labor Force 10,000 2,100 1,900 The labor force participation rate is about: Group of answer choices 86.4% 13.6% 66.6% none of these is even close

State has a labor force of 78,567 persons and employment of 74,382. The unemployment rate for the city is:

The following table shows the labor market data for the U.S. working age population for 2022. The data are from the Bureau of Labor Statistics (I have made slight modifications to some of the numbers in order to get nice ratios).    Civilian  non-institutional population Civilian labor force Men 25 to 54 Years old  63,122,000 55,900,843 Women 25 to 54 Years old  64,039,000  48,934,000 Here is the issue. In the United States childcare services are very expensive: about $10,000 to $15,000 per child per year, depending on the state. This means that a low-income family with two kids and an annual income of, say $40,000, has to pay 50% to 75% of its income to childcare. Many women who cannot afford such expensive childcare services have to stay home to take care of their kids. This is one reason (but not the only one) that keeps women out of the labor force.  For the sake of this exercise let's assume that high childcare costs are the only reasons for low women's participation…