Assume Country X has the following statistics:
Total relevant population = 50,000,000
Full-time students = 4,200,000
Not employed and not currently searching for jobs = 6,000,000
Not employed and currently searching for jobs = 2,336,000
Currently employed = 29,664,000
Country X has a labor force of 32,000,000, a labor force participation rate of 64%, and an unemployment rate of 7.3%.