Page(s) 253-254

7.2. What can we learn from the employment data?

A country has a noninstitutionalized population of 243 million people. Of that number,

38 million are under the age of 16

70 million are full-time students and retirees

8 million are unemployed workers

31 million are employed part-time for economic reasons

96 million are employed full-time

What is the labor force participation rate? Round to the nearest whole percentage.

To find the **labor force participation rate**, we need to calculate the percentage of the population that is either employed or actively looking for work (i.e., the labor force) relative to the total noninstitutionalized population.

### Step-by-step calculation:

1. **Total noninstitutionalized population**: 
   \[
   243 \text{ million people}
   \]

2. **Subtract those not in the labor force** (under age 16, full-time students, and retirees):
   \[
   38 \text{ million (under 16)} + 70 \text{ million (students and retirees)} = 108 \text{ million people not in the labor force}
   \]

3. **Labor force** includes:
   - Employed full-time: 96 million
   - Employed part-time for economic reasons: 31 million
   - Unemployed but looking for work: 8 million

   So, the labor force is:
   \[
   96 \text{ million} + 31 \text{ million} + 8 \text{ million} = 135 \text{ million people in the labor force}
   \]

4. **Labor force participation rate** is calculated as:
   \[
   \frac{\text{Labor force}}{\text{Noninstitutionalized population}} \times 100 = \frac{135}{243} \times 100 \approx 55.56\%
   \]

5. **Round to the nearest whole percentage**:
   \[
   \approx 56\%
   \]

### Final Answer:
The labor force participation rate is **56%**.

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Would you like to know more details about labor force participation or have any questions?

### Related Questions:
1. What is the unemployment rate based on this data?
2. How do part-time workers for economic reasons affect the overall employment rate?
3. How does a country calculate its noninstitutionalized population?
4. What factors contribute to people being out of the labor force?
5. How does the labor force participation rate impact economic growth?

**Tip**: The labor force participation rate is a key indicator of how many people are engaged in the economy, and a declining rate can indicate deeper socio-economic issues, such as aging populations or discouraged workers.

What is the labor force participation rate for a country with a noninstitutionalized population of 243 million, 38 million under the age of 16, 70 million full-time students and retirees, 8 million unemployed workers, 31 million part-time for economic reasons, and 96 million employed full-time? Round to the nearest whole percentage.

Learn how to calculate the labor force participation rate for a country with a population of 243 million, including details on employed, unemployed, and non-labor force segments. A clear, step-by-step solution with a rounded final answer of 56%.

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