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Unformatted text preview: 5. Labor force Participation Rate a. # in labor force a.i. Total population over 16. 6. Unemployment rate = # of unemployed/Number in Labor Force Population over 16 years of age o Not in Labor Force Students Disabled Retirees o Labor Force Employed Employed people and Self employed Unemployed New entrants, re-entrants, lost/quit job, laid off...
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- Fall '07