Question

The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals: Group of answer choices 20.2 %. 16.8%. 11%. 14.4%.

Answer 1

The unemployment rate is 14.4% based on the number of people that are employed and those who are unemployed in this town,

What is unemployment?

This is when a person, who is willing and able to work at prevailing wages, does not get any work.

The unemployment rate can be found by the formula:

= Employed people / (Unemployed + Employed people)

= (11,000) / (65,400 + 11,000)

= 11,000 / 76,400

= 14.4%

Therefore, the unemployment rate is 14.4%.

Learn more about unemployment here: brainly.com/question/27413958

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