The labor force participation rate for Cittadina should be reported to the BLS as:
Understand the Problem
The question is asking for the labor force participation rate for Cittadina based on the provided employment data. This involves calculating the participation rate using the number of employed and unemployed individuals in relation to the working-age population.
Answer
$100\%$
Answer for screen readers
The labor force participation rate for Cittadina is $100%$.
Steps to Solve
- Identify the total labor force
The labor force is the sum of employed and unemployed individuals. From the data:
- Employed: 4
- Unemployed: 1
Thus, the labor force is calculated as: $$ \text{Labor Force} = \text{Employed} + \text{Unemployed} $$ $$ \text{Labor Force} = 4 + 1 = 5 $$
- Identify the working-age population
The total working-age population is given in the data:
- Working Age: 5
- Calculate the labor force participation rate
The labor force participation rate (LFPR) is calculated using the formula: $$ \text{LFPR} = \left( \frac{\text{Labor Force}}{\text{Working Age Population}} \right) \times 100 $$ Substituting the values: $$ \text{LFPR} = \left( \frac{5}{5} \right) \times 100 = 100% $$
The labor force participation rate for Cittadina is $100%$.
More Information
A labor force participation rate of $100%$ indicates that all individuals within the working-age population are either employed or actively seeking work. This is an ideal situation where no one is left out of the workforce.
Tips
- Failing to include both employed and unemployed individuals when calculating the labor force.
- Confusing the working-age population with the active labor force, which only includes employed and unemployed individuals.
AI-generated content may contain errors. Please verify critical information
