Number of people employed = 120,500; number of people unemployed = 4050. What is the number of people in the labor force? What is the unemployment rate?
a) Labor force: 124,550; Unemployment rate: 3.25%
b) Labor force: 116,450; Unemployment rate: 3.38%
c) Labor force: 124,550; Unemployment rate: 3.15%
d) Labor force: 116,450; Unemployment rate: 3.47%
