Question

A government worker surveys a number of households and comes up with the following information: there were a total of 90 people in the households, 10 of the people were children under 16, 10 of the people were retired but still capable of working, 35 people had full-time jobs, 5 had part-time jobs, 5 were stay-at-home parents, 5 were full-time students over the age of 16, 5 were disabled people who could not work, 10 people had no job but were looking for jobs, and there were 5 people who wanted a job but were not looking for a job.
According to the information in the survey, the unemployment rate is:_______

Answer 1

Answer:

27%

Explanation:

Number of Persons in the Household = 90

Neither Employed Nor Unemployed

• Children Under 16 =10
• Disabled = 5
• Retired =10
• Stay at Home Parents = 5
• Full Time Students over the age of 16= 5

Total =35

Unemployed

• 10 people had no job but were looking for jobs
• 5 people who wanted a job but were not looking for a job.
• Total =15

Employed

• 35 people had full-time jobs
• 5 had part-time jobs

Total =35+5=40

Total Labour Force = Unemployed +Employed = 40+15 =55

Unemployment Rate = (Unemployed People / Total Labor) x 100

=15/55 X 100

=27%

According to the information in the survey, the unemployment rate is: 27%