Employment Problem.
Data in millions. Total pop. = 350. Military = 1. Under 16 = 70.
NILF = 38. Discouraged = 42. Over 65 = 90. Out of the country = 2.
Institutional = 3. Unemployed = 12.
Determine the employment rate..
1
Expert's answer
2016-05-03T08:58:02-0400
Unemployment rate = number of unemployed/ total labor force Unemployment rate = (12/(1+42+3)·100 = 26%
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