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28 July, 11:16

The Bureau of Labor Statistics is interested in this years labor participation rate. If there are 350 million working-age adults and 300 million in the labor force, what is the labor participation rate?

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  1. 28 July, 11:18
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    85.71%

    Explanation:

    The formula and the computation of the labor participation rate are shown below:

    = Labor force : working-age adults * 100

    = 300 million : 350 million * 100

    = 85.71%

    It shows a relationship between the labor force and the working-age adults or we can say working-age adult population and according to that, the labor participation rate has come
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