Daily Review -- Unemployment

This graph, shows the relationship between higher education and earnings.    Identify the statistic for each formula below:

1.  Unemployed/Labor Force
2. Labor Force/Civilian noninstitutional population
3. Civilian noninstitutional population minus discouraged workers.


My answers are: the unemployment rate, the labor force participation rate, and the labor force.

According to the Bureau of Labor Statistics, the Labor Force Participation Rate is 63.7.  This is historically low.  The rate is falling as more drop out of the labor force.