As of September 2021, the population (16+ years of age) in the U.S. is 263
million people. The labor force participation rate is 61%, and the unemployment rate
is 4.8%. What is the employment level?
Employment rate = Divide the number of employed people by the total labor force multiply by 100.
Labour Participation= labour force÷ Total working age population
Let labour force be X
61%=
X=
Let unemployed be Y
Number of unemployed people=
Employed people= 160.43- 7.70064= 152.72936
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