In 2016 the Bureau of Labor Statistics Reported That There

question 9

Multiple Choice

In 2016 the Bureau of Labor Statistics reported that there were 62.2 million people over age 25 whose highest level of education was a high school degree or equivalent.Of these,33.7 million were employed and 1.8 million were unemployed.What were the labor-force participation rate and the unemployment rate for this group?

• A)54.2% and 2.9%
• B)54.2% and 5.1%
• C)57% and 2.9%
• D)57% and 5.1%

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Definitions:

Annuity

An economic product that delivers a constant payment stream to an individual, mainly used as a means of livelihood for people who are retired.

Concept

A general idea or understanding that serves as a foundation for developing theories, experiments, or innovations.

Quarterly Payments

Payments that are made four times a year, typically for financial obligations such as loans or dividends.

Annual Rate

Annual rate typically refers to the interest rate for a loan or investment calculated on an annual basis, providing a basis for comparison with other financial products.