HELP: Please can someone help calculate the participation rate for me here?

Question

I got given the following data to calculate the PARTICIPATION RATE:

Total Poulation: 800 000

Employed: 440 000

Working age Population: 600 000

Unemployed persons looking for work: 40 000

Unfilled Vacancies: 20 000

Please could you calculate it. Or at least tell me how?

Cheers, big-time!

Answer 1

(440'000+40'000)/600'000= 480/600=0.8=80%

Just sum employed and unemployed, then divide by population in working age (for most countries this age is between 15~64).

http://en.wikipedia.org/wiki/Participati...

http://en.wikipedia.org/wiki/Unemploymen...