MATH PROBLEM : ECONOMICS - CALCULATING LABOR FORCE & UNEMPLOYMENT Rate, Also see if needs correc

USING : Not in the Labor force45

Unemployed10

Discouraged workers 4

Employed98

Total (?) Population 9

Not of working age30

U = 10/10+98x100

U= 9.25 ?

Is this correct ?

MATH PROBLEM : ECONOMICS - CALCULATING LABOR FORCE %26amp; UNEMPLOYMENT Rate, Also see if needs correction?credit union

You are correct:

The unemployment rate equals

total number unemployed/

(total no. employed+Total number unemployed)

= 10/98+10) = 10/108

MATH PROBLEM : ECONOMICS - CALCULATING LABOR FORCE %26amp; UNEMPLOYMENT Rate, Also see if needs correction?

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