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In 2015 the Japanese adult non-institutionalized population was 110.7 million, the labor force was 66 million, and the number of people employed was 63.7 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about A. 57.5% and 2.1% B. 57.5% and 3.5% C. 59.6% and 2.1% D. 59.6% and 3.5%

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ayokenny2001

Answer:

D. 59.6% and 3.5%

Explanation:

Given the above information,

•We can calculate labor force participation rate to be;

Labor force participation rate = (Labor force / Population ) × 100

= (66,000,000 / 110,700,000) × 100

= 59.6 %

• We can also calculate unemployment rate to be;

Unemployment rate = [(Labor force - Number of people employed) / Labor force ] × 100

= [(66,000,000 - 63,700,000) / 66,000,000 ] × 100

= [ 2,300,000 / 66,000,000 ] × 100

= 3.5%