Calculating Data for the U.S. Economy. Here are some data for the U.S. economy for January 2014: • 246.9 million individuals 16 years of age and older • 145.2 million employed • 10.3 million...

Calculating Data for the U.S. Economy. Here are some data for the U.S. economy for January 2014:

• 246.9 million individuals 16 years of age and older

• 145.2 million employed

• 10.3 million unemployed.

Calculate the labor force, the labor force participation rate, and the unemployment rate for the U.S. economy