Question

Out of 241 million persons aged 16 and older, 147 million had paying jobs, 8 million did not have jobs but

were actively seeking employment, and 4 million wanted to work but had given up seeking employment. The
unemployment rate is:
A) 5.4%
B) 5.2%
C) 5.0%
D) 3.6%

Answer 1

C

Step-by-step explanation:

unemployment rate = unemployed persons/labor force x 100%

(4+8) X 10⁶ ÷ (241 X 10⁶) X 100%

= 5.0%