A survey reveals that, on a small island, 175 people have jobs, 25 people are not working but are looking for jobs, and 90 peopl

Question

3 years ago

11

e are neither working nor looking for work. The unemployment rate on the island is:____.

1 answer:

joja [24] · Answer 1 · 2022-05-16T21:34:57+03:00

Answer:

The answer is = 12.5%

Explanation:

The 175 people that have jobs are in unemployment (employed).

The 25 people that are not working but are looking for jobs are called unemployed.

The 90 people are neither working nor looking for work for work are not counted in the employment.

Therefore, the labor force is employed people + unemployed people.

Labor force is 175 + 25= 200 people.

So, unemployment rate is:

(unemployed people ÷ labor force) x 100

(25÷200) x 100%

=12.5%