This document provides an analysis of labor force data from the Bureau of Labor Statistics and Census Bureau, including definitions of key terms like the unemployment rate, labor force participation rate, and employment population ratio. Formulas are given for calculating these rates based on data for the civilian working age population, those in the labor force, employed, unemployed, and out of the labor force by gender.

1. DATA ANALYSIS
13 NOVEMBER 2017

3. http://www.bls.gov/cps/

5. http://thedataweb.rm.census.gov/ftp/cps_ftp.html

7. http://thedataweb.rm.census.gov/ftp/cps_ftp.html#cpssupps

8. Population
CivilianWorkingAge Population
In the Labor Force
Employed
Out of the Labor
Force
Unemployed
unemployment rate = (#
unemployed / # in labor force)
x 100
labor force participation rate
= (# unemployed +
unemployed / # in working
age population) x 100
Employment population
ratio = # employed / # in
working age population

10. 1 = male
2= female

14. DATA ANALYSIS
13 NOVEMBER 2017