Answer to Question #102924 in Macroeconomics for sarai

Question #102924

Suppose 100 million people are in the civilian labor force and 90 7. million people are employed. How many people are unemployed? What is the unemployment rate?

Expert's answer

unemployed, U= 100-90.7= 9.3million

unemployment rate, "UR= (U\/Lf )*100" =( 9.3/100) *100 = 9.3%

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