Question

The overall population for Region A is 105 million people. The labor force contains 77 million people. 26 million people are employed, while 51 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number.

Answer 1

Overall population = 105 million

Labor force = 77 million

Employed population =26 million

Unemployed population = 51 million

Unemployment rate=?

Unemployment rate = Unemployed population/Labor force*100

Unemployment rate= 51(million)/77(million)*100

Unemployment rate =66.23%

Rounding up the unemployment rate =66%

Thus the unemployment rate of region A is 66%(after rounding up)