Question

Hawaiian Airlines will hire more workers as it expands its fleet. The new hirings are a welcome sign for​ Hawaii's economy, which lost jobs during the year to May 2009 as the​ state's unemployment rate rose from​ 4% to​ 7%.
The labor force was​ 602,000 in May 2009 and​ 622,600 in May 2008.
Calculate the change in the number unemployed between May 2008 and May 2009.
The number unemployed in May 2008 is

Answer 1

Answer:

The answer is 24,904.

Explanation:

Solution

Given that:

Now,

The unemployment rate =( unemployment/labor force) * 100

Thus,

Unemployment  =( unemployment/labor force) * 100

In May 2008, unemployment = (4 * ​ 622,600 )/100 = 2,490,400/100

=24,904

In May 2009, unemployment = ( 7 *  602,000)/100 =4,214,00/100

=42,140

So,

Number of employed people = 2009 unemployment  - 2008 unemployment = 42,140 - 24,904

=17,236

Therefore the of unemployed people in may 2008 is 24,904.