To address the calculations asked, let’s break down each component clearly:
1. Working Age Population
The working age population typically includes individuals aged 15 to 64. To find this number, refer to the demographic data provided in the table of the population based on age groups. Sum all relevant age groups to arrive at the total working age population.
2. Labor Participation Rate
The labor participation rate is calculated by dividing the labor force by the working age population and then multiplying by 100 to get a percentage. It reflects the active portion of the working age population that is either employed or actively seeking employment.
3. Number of Employed
The number of employed individuals is generally given directly in the data. If it’s not, you might need to calculate it by subtracting the number of unemployed from the total labor force. Ensure you examine the data for clarity on the definitions used.
4. Labor Force
The labor force consists of all the employed and unemployed individuals who are willing to work. It’s found by summing the employed and unemployed figures from the table data.
5. Unemployment Rate
The unemployment rate is derived from dividing the number of unemployed individuals by the labor force, then multiplying by 100 to express it as a percentage. This gives insight into the economic health in terms of job availability.
Once you gather the specific figures from your table for these calculations, simply apply the formulas outlined above to obtain your answers.