Questions: The table gives information about the U.S. labor market in 2015. What is the labor force participation rate? The labor force participation rate is percent. Labor Market Data Not in labor force: 93.7 million Labor force: 157.1 million Employed: 148.8 million

To determine the labor force participation rate, we need to use the following formula:

\[ \text{Labor Force Participation Rate} = \left( \frac{\text{Labor Force}}{\text{Total Adult Population}} \right) \times 100 \]

From the table, we have:

• Not in labor force: 93.7 million
• Labor force: 157.1 million

First, we need to calculate the total adult population, which is the sum of those in the labor force and those not in the labor force:

\[ \text{Total Adult Population} = \text{Not in labor force} + \text{Labor force} \] \[ \text{Total Adult Population} = 93.7 \text{ million} + 157.1 \text{ million} \] \[ \text{Total Adult Population} = 250.8 \text{ million} \]

Next, we use the formula to find the labor force participation rate:

\[ \text{Labor Force Participation Rate} = \left( \frac{157.1 \text{ million}}{250.8 \text{ million}} \right) \times 100 \]

\[ \text{Labor Force Participation Rate} = \left( \frac{157.1}{250.8} \right) \times 100 \]

\[ \text{Labor Force Participation Rate} \approx 62.64\% \]

Therefore, the labor force participation rate is approximately 62.64 percent.