The unemployment rate is calculated by dividing the number of unemployed(2 million) by the labor force (50million) and multiplying the result by 100.
Labor force is the total number of unemployed and employed persons in a country. In this case, we have:
Labor force= No. of unemployed (in million) + No. of full time employed (in million) + No. of part time employed (in million) = 2 + 38 + 10 = 50 million
<span>1.Rename with common denominators. 2.Regroup the first fraction. 3.Subtract the whole numbers and numerators. <span>4.Simplify (if necessary)</span></span>