Final answer:
To find the unemployment rate, divide the number of unemployed individuals by the total labor force and multiply by 100. The rate is about 6.07% given 9.4 million unemployed and 145.5 million employed individuals.
Step-by-step explanation:
To calculate the unemployment rate, you divide the number of unemployed people by the total labor force and then multiply the result by 100 to get a percentage.
Given that 9.4 million people are unemployed and 145.5 million people are employed, the total labor force is the sum of both employed and unemployed individuals, which amounts to 9.4 million + 145.5 million = 154.9 million.
Thus, the unemployment rate is (9.4 million / 154.9 million) × 100. This calculation results in an unemployment rate of approximately 6.07%, or 0.0607 when expressed as a decimal.