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QUESTION
The State of Michigan has a population of 9,883,000. In November, 2015, there were 4,763,700 people who are in the labor force, 243,721 unemployed.
The State of Michigan has a population of 9,883,000. In November, 2015, there were 4,763,700 people who are in the labor force, 243,721 unemployed.
(a) What is the labor force participation rate in Michigan in November, 2015?
(b) What is the unemployment rate?
(c) What is the employment-to-population ratio?
