Homework Answers
Answer: Option e) is correct.
Reason:
Unemployment rate = Number of unemployed people / Total number in the labor force * 100
= 2 / 11 * 100
= 18.18%
Unemployment occurs when a person who is actively searching for employment is unable to find work. In our case, 2 million are actively looking for a job and are unable to find work. Also, the labor force consists of employed plus unemployed, which is 11 in our case.
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2. private-sector payroll's
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2. private-sector payroll's
3. unemployment office registrations
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