Question

The overall population for Region A is 87 million people. The labor force contains 44 million people, 29 million people are employed, and 15 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number.

Answer 1

Answer:

The unemployment rate is 34% (rounded to the nearest whole number)

Explanation:

$\frac{Number \: of \: unemployed}{labor \: force} \times 100 = \: unemployment \: rate$

The unemployed will be the people looking for job

while the labor force is the sum of people looking for job an employed people.

15,000,000/44,000,000 x 100 = 34.09%