Homework Answers
Unemployment Rate
= Total Unemployed / Total Labor Force
Total Labour Force = Total Employed + Total Unemployed
Total Employed = People with full time jobs + People with part time jobs + Self Employed running business
= 71 + 13 + 11 + 14 = 109
Total Unemployed = People actively looking for work = 18
Total Labor Force = 109 + 18 = 127
Unemployment Rate = 18 / 127 * 100 = 14.17%
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