The overall population for Region A is 105 million people. The labor force contains 77 million...
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.
Homework Answers
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)
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