Strong US Job Growth Persists

Correct! - The labor force participation rate is the percentage of the working-age population who are members of the labor force. In February, the labor force is 166,251,000 and the labor force participation rate is 62.5 percent, so the working-age population is 166,251,000 ÷ 0.625, which is 266.0 million. The unemployment rate is the percentage of the labor force who are unemployed. In February, the labor force is 166,251,000 and the unemployment rate is 3.6 percent, so the number of people unemployed is 0.036 × 166,251,000, which is 5.99 million.

Good Job! - The employment-to-population ratio is the percentage of the working-age population that are employed. In February, the labor force is 166.25 million and the number unemployed is 5.99 million, so the number employed is 166.25 million –99 million, which is 160.26 million. The working-age population is 266 million, so the employment-to-population ratio is (160.26 million ÷ 266 million) × 100, which is 60.2 percent.