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Archy [21]
1 year ago
15

If the number of employed is _____ million and the total labor force is 50 million, then the unemployment rate is 10%.

Business
1 answer:
dlinn [17]1 year ago
5 0

Given the unemployment rate and the total labour force, the number of employed people is 45 million.

<h3>What is the number of employed people?</h3>

The unemployment rate is the percentage of the labour force that is A person is classified as unemployed if the person is without a job but has searched for employment within the past four weeks or the person is set to resume a job within the next three months.

The labour force consists of those that are unemployed and those that are employed.

Number of unemployed people : 10% x 50 million = 5 million

Number of employed people = 50 million - 5 million = 45 million

To learn more about unemployment, please check: brainly.com/question/10940465

#SPJ1

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