Unemployment econ question?

Civilian Population 16 or older: 2,500,000

Rate of Unemployment 20%

Labor Force Participation Rate 80%

How many people were unemployed?

Unemployment econ question?unemployment rate

400,000

unemployment is based off of those actively seaking work, so only those included in the participation rate, so you%26#039;d take 2,500,000*.80 then that answer times .2

Unemployment econ question?

loan

Well there are 2.5 million folks

Only 80 % work

So 2.5 million times 80 % is 2 million

Of that 2 million, 20 % is unemployed

20% of 2 million is 400,000