Answer:
8%
Step-by step explanation:
We are given:
- Total workers: 300,000
- Unemployed workers: 24,000
The formula to determine the percentage of unemployed workers in the total workers, we need to divide the number of unemployed works by the total workers in the labor force. Then, multiply the quotient by 100 to obtain the percentage of unemployed workers.
Formula:
Substitute the given values into the formula to determine the percentage of unemployed workers in the labor force.
Now, simplify the equation. The easiest way to simplify the equation is to temporially ignore the "100".
Then, cancel the "0's" on the L.H.S. This is a good way to simplify the equation on the L.H.S
Don't forget to multiply the result by 100 as it was temporaily hidden.
Let 100 be 100/1. Thus, our equation will be:
Multiply the numerator with the numerator and the denominator with the denominator.
Cancel the "0's" on the L.H.S to make it easier to simplify.
Thus, 8% of the workers are unemployed workers.