Homework Answers
Labor Force = Number of Unemployed + Number of Employed
= 93+ 945
= 1038
Discouraged workers are those who want and are available to work, but have dropped out of the labor force because they believe there aren't any jobs for them.
Unemployment rate = ( Number of unemployed / Labor force ) * 100
= (93/1038) * 100
= 9 % ( Approx)
Hence 9 % of people are unemployed .
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