Question

In november 2010 the labor force in siouxtown, was 14,800. there were 14,483 persons employed. the local unemployment rate:

Answer 1

Labor force=employed+unemployed
14800=14483+unemployed
Unemployed=14,800−14,483
Unemployed=317

Unemployment rate
=unemployed÷labor force
=317÷14,800
=0.0214×100
=2.14% ....answer