Asked by Kid

Calculating the unemployment rate given the labor force and the number of people unemployed:

Unemployment rate = number of people unemployed/labor force

However, why is the calculation different (according to how I had to do for an assignment) if the total population is given along with the labor force and number of people unemployed?

Unemployment rate = number of people unemployed/total population

Same thing would apply to calculating the employment rate I'm guessing?
Answered by bobpursley
prisoners, children, invalids, stay at home moms, handicapped , are generally not in the labor force, but are in the total population
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