Ellen is downloading labor market data for the most recent month, but her connection is slow. so far this is all she has been able to collect: unemployment rate 5.9% participation rate 62.5% not in the labor force 63 million find the working-age population, the labor force, the number of employed workers, and the number of unemployed workers.

Explanation:

The unemployment rate is 5.9%.

The participation rate is 62.5%.

63 million people are not in the labor force.

Now,

Working age population

= labor force + not in labor force

= labor force + 63 million

and,

Participation rate =

62.5% =

Labor force = 105 million

and,

Working age population

= labor force + not in labor force

= 105 million + 63 million

= 168 million

now,

Unemployment rate =

5.9% =

Number of people unemployed = 6.195 million

now,

Labor force = Number of employed people + number of unemployed people

105 million =  Number of employed people + 6.195 million

Number of employed people = 105 million - 6.195 million

Number of employed people = 98.105 million

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