If out of 125 people in the labor force, the number of employed workers is 100 and the number of unemployed workers is 25, then the unemployment rate is

Question

asked Oct 1, 2024 169k views

1 Answer

Ido Tamir · Answer 1 · 2024-10-07T08:51:56+0000

Answer:

20%

Step-by-step explanation:

Unemployment Rate = (Number of Unemployed Workers / Total Labor Force) * 100

Unemployment Rate = (25 / 125) * 100

Unemployment Rate = 20%