After the financial crisis that hits the country of cinfuria in 2008, 1 million people become unemployed. if 35 million individuals are lucky to keep their jobs, what is the unemployment rate? please specify your answer to two decimal places.
Given that after the financial crises the number of people who lost their jobs is 1 million and that of people remained employed was 35 million, then the unemployment rate will be: (Number of people who are employed)/(Number of people who are unemployed) =(1000000)/(35000000) =0.029 =2.9% The unemployment rate is 2.9%
