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5. In September 2017 the labor force in Hamden, Connecticut, was 14,800. There were 14,480 persons employed. What was the local unemployment rate in Hamden? (Show calculations) (4 points)

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Answer #1

Labor force=14,800

Employed person=14,480

Unemployed people=labor force- employed person

=14,800-14,480

=320

Unemployment rate

= (number of unemployed \ labour force)*100

=(320\14,800)*100

=2.16%

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