There are 165 million full-time and voluntary part-time workers, 7 million underemployed workers, and 5 million discouraged work
ers. The labor force is the sum of those that are employed plus the unemployed. Based on the given info, what is the unemployment rate?
1 answer:
Answer:
Step-by-step explanation:
It is given that the labor force is the sum of those that are employed plus the unemployed.
Also it is given that full-time and voluntary part-time workers are 165 million
Unemployed people are 7 million
Discouraged people are 5 million
So the labor force = 165million + 7 million = 172 million
Unemploymenr rate = unemployed workers/ labour force * 100 = 7/172 *100=
0.04069767441 * 100 = 4%
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Step-by-step explanation:
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Answer:
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Step-by-step explanation: