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ahrayia [7]
3 years ago
8

Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose th

eir jobs and 300,000 find jobs. The new total of employed persons is ________ and the new unemployment rate is ________.
Business
1 answer:
laiz [17]3 years ago
6 0

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the currently employed people and the unemployment rate:</u>

<u></u>

Employed people= 100,000,000 - 6,000,000= 94,000,000

Unemployment rate= unemployed people / labor force

Unemployment rate= 6,000,000 / 100,000,000

Unemployment rate= 0.06= 6%

<u>Now, the newly employed people and the unemployment rate:</u>

<u></u>

Employed people= 94,000,000 + 300,000 - 200,000

Employed people= 94,100,000

Unemployment rate= 5,900,000 / 100,000,000

Unemployment rate= 0.059 = 5.9%

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