The United States population is roughly 314 million people (314,000,000). The workforce participation rate, defined as the percent of the population working or looking for work, is 62.8%. The unemployment rate is the percent of the workforce that is looking for work, but cannot find it.
(a) How many people are working or looking for
(b) If the unemployment rate is currently 6.8%, work in the United States? then how many people are unemployed to the
nearest hundred thousand.

A) The number of people working or looking for work = 197,192,000

B) The number of people that are unemployed = 21.4 million

We are told;

US population = 314, 000, 000

Percentage of those looking for work but cannot find work = 62.8%

A) Number of people looking for work but cannot find work = 62.8% × 314000000

>> 197,192,000

B) We are told that the unemployment rate is now 6.8%. Thus;

Number of people that are unemployed = 6.8% × 314000000 = 21,352,000

Approximating to the nearest hundred thousand gives; 21.4 million

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(a). The number of people working or looking for work in The United States are 197192000

(b). The number of unemployed are 21400000.

    Given in the question,

a). Number of people working or looking for work will be given by,

    Number of people working or looking for work = Total population × Workforce participation rate

   Therefore, number of people working or looking for work =

                                                                                                   = 197.192 million

                                                                                                   = 197192000

b). If the unemployment rate of U.S. = 6.8%

    Number of unemployed persons =

                                                            =

                                                            ≈

    Therefore, (a) the number of people working or looking for work in The United States are 197192000 and (b) the number of unemployed are 21400000.

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