how to calculate worker population ratio,given LFPR,UR and WPR?
Let the population be 100, labour force participation rate (LFPR) = .5, unemployment ratio (UR) = .2
therefore, number of people in labour force = 50
number of people unemployed = 0.2 multiply 50 = 10
so, number of people working = labour force - unemployed = 50 - 10 = 40
worker population ratio = Number of workers divide by population = 40 divide by 10 = 0.4
therefore, number of people in labour force = 50
number of people unemployed = 0.2 multiply 50 = 10
so, number of people working = labour force - unemployed = 50 - 10 = 40
worker population ratio = Number of workers divide by population = 40 divide by 10 = 0.4