Homework Answers
23.
People who are unemployed and are not seeking a job are not
considered in labor force
Total employed = 129500 + 1358000 = 1487500
Unemployed = 62400
Labor force = employed + unemployed
= 62400 + 1487500 = 1549900
option D is the correct answer
24.
unemployment rate = unemployed / labor force * 100
= 62400 / 1549900 * 100
= 4.026% ~ 4.03%
option B is the correct answer
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