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If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is:
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If the population of a country is 1,000,000 people, its labor force consists of 500,000, and 40,000 people are unemployed, the unemployment rate is:

User Feronovak
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1 Answer

7 votes

Answer:

8.0 percent

Step-by-step explanation:

To find the unemployment rate you:

  • Divide the number of people unemployed by the number of people in labor force (Employed and Unemployed)
  • Then, multiply the number by 100

Hope this Helps

User Ahmet Arslan
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