The overall population for Region A is 122122 million people. The labor force contains 5151 million...
The overall population for Region A is 122122 million people. The labor force contains 5151 million people, 3232 million people are employed, and 1919 million are unemployed. What is the unemployment rate? Round your answer to two decimals.
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Homework Answers
As per the information provided in the question
Labour force = 5151 million
Number of people unemployed = 1919 million
Unemployment rate is the percentage of labour force that is unemployed the formula for calculating unemployment rate is = (Unemployed / Labour force ) x100
Unemployment rate is = (1919 / 5151 ) x100 = 37.25%
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