The table below reports labor market data for the United States in January 2018 (all numbers are in thousands).

Work-eligible population

256,780

Employed persons

154,482

Labor force

161,123

Insert the correct values in the boxes (report the rates to two decimal places):

number of unemployed persons:     thousand

unemployment rate:    %

labor force participation rate:    %

Let's break down how to calculate the missing values:

### 1. **Number of Unemployed Persons**:
The number of unemployed persons can be calculated using the formula:
\[
\text{Number of unemployed persons} = \text{Labor force} - \text{Employed persons}
\]
Substitute the given values:
\[
\text{Number of unemployed persons} = 161,123 - 154,482 = 6,641 \text{ thousand}
\]

### 2. **Unemployment Rate**:
The unemployment rate is the percentage of the labor force that is unemployed. The formula is:
\[
\text{Unemployment rate} = \left( \frac{\text{Number of unemployed persons}}{\text{Labor force}} \right) \times 100
\]
Substitute the values:
\[
\text{Unemployment rate} = \left( \frac{6,641}{161,123} \right) \times 100 \approx 4.12\%
\]

### 3. **Labor Force Participation Rate**:
The labor force participation rate is the percentage of the work-eligible population that is in the labor force. The formula is:
\[
\text{Labor force participation rate} = \left( \frac{\text{Labor force}}{\text{Work-eligible population}} \right) \times 100
\]
Substitute the values:
\[
\text{Labor force participation rate} = \left( \frac{161,123}{256,780} \right) \times 100 \approx 62.73\%
\]

### Final Answers:
- **Number of unemployed persons**: 6,641 thousand
- **Unemployment rate**: 4.12%
- **Labor force participation rate**: 62.73%

Let me know if you'd like further clarification or have any other questions!

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Here are 5 related questions:
1. How does the labor force participation rate affect the economy?
2. What factors can cause a rise in the unemployment rate?
3. How is the work-eligible population determined in labor statistics?
4. What is the difference between the labor force and the work-eligible population?
5. How do part-time workers affect employment data?

**Tip**: Keep in mind that labor force statistics do not always account for underemployment or discouraged workers.

The table below reports labor market data for the United States in January 2018 (all numbers are in thousands). Work-eligible population: 256,780, Employed persons: 154,482, Labor force: 161,123. Insert the correct values in the boxes (report the rates to two decimal places): number of unemployed persons: thousand, unemployment rate: %, labor force participation rate: %

Learn how to calculate the number of unemployed persons, unemployment rate, and labor force participation rate for the United States in January 2018 using real labor market data. This problem involves key concepts like percentage calculations and basic arithmetic. Suitable for high school students in Grades 10-12.

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