Lumen OHM Assessment

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Consider the following labor statistics for the adult population (age `16` and older) in the US displayed in the table below (all numbers in millions).

Employed	150
Unemployed	14
Not in Labor Force	75

Using the data above calculate Labor Force for the US.

million

Consider the following labor statistics for adult population (age `16` and older) in Canada displayed in the table below (all numbers in millions).

Employed	100
Unemployed	14
Not in Labor Force	95

Using the data above calculate unemployment rate for Canada.

million

Consider the following labor statistics for adult population (age `16` and older) in China displayed in the table below (all numbers in millions).

Employed	150
Unemployed	11
Not in Labor Force	85

Using the data above calculate adult population for China.

million

Consider the following labor statistics for adult population (age `16` and older) in Canada displayed in the table below (all numbers in millions).

Employed	130
Unemployed	7
Not in Labor Force	95

Using the data above calculate labor force participation rate for Canada.

Now let's try it using different numbers. Consider the following labor statistics for adult population (age `16` and older) in Norway displayed in the table below (all numbers in millions).

Employed	140
Unemployed	14
Not in Labor Force	75

First, calculate the unemployment rate. Then suppose that `4` million workers become discouraged and give up looking for a job. Using data above, calculate the new unemployment rate taking into account the discouraged workers.

What has happened to the unemployment rate as a result of people who have given up and stopped looking for a job?

Remains unchanged.
Increases.
Decreases.