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How do you calculate the labor force participation ratethe unemployment rate and employment rate?
Magcat
------------------------------------------------- X 100
civilian non-institutionalized population (people 16 years old or older, not in prison, military, etc.)
Unemployment Rate = # unemployed
----------------------------------- X 100
# unemployed + # employed
Employment Rate = # employed
------------------------------------------------ X 100
civilian non-institutionalized population
to calculate the labor force participation rate use the equation:
LFP = CLF/ CNIP -- meaning labor force participation is calculated by dividing the civilian
labor force by the civilian non-institutional population.
as for the unemployment rate use:
unemployment rate = unemployment/ CLF
and for the employment rate use:
employment rate = employment/ CNIP
to calculate the labor force participation rate use the equation:
see the Related Link below for a full explanation.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoto calculate the labor force participation rate use the equation:
LFP = CLF/ CNIP -- meaning labor force participation is calculated by dividing the civilian
labor force by the civilian non-institutional population.
as for the unemployment rate use:
unemployment rate = unemployment/ CLF
and for the employment rate use:
employment rate = employment/ CNIP
Wiki User
∙ 16y ago(Employed males / Males in the labour force) x 100
Wiki User
∙ 13y agoThe Labor Force Participation Rate = Civilian Labor Force / Total non-institutionalized civilian population. See the Related Link below for a full explanation.
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