Answer to Question #71053 in Macroeconomics for colister
participation rate was 63.5 percent, and the unemployment rate was 5.8 percent. What
was the number of people employed and the number of people unemployed?
Unemployed people = Labor force*Unemployment rate = 29.53mln*5.8%=1.71 mln
Employed people = Labor force- Unemployed people=29.53mln – 1.71mln = 27.82 mln
The rest of adult population is inactive population, like staying at home mothers, disabled people etc.
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