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?
1
Expert's answer
2020-02-13T08:37:38-0500

unemployed, U= 100-90.7= 9.3million

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


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