Please calculate the unemployment rate
given the following information:
Please round to two decimal places in your answer. Do not include the % sign
Total Population: 800,270,378
Homemakers: 29,874,567
Retired:112,687,155
Labor Force: 450,314,672
Under the Age of 16: 68,322,654
Discouraged Workers: 98,678,228
Employed: 425,482,365
Underemployed: 14,977,312
Unemployment rate = Number of people unemployed/Labor force*100
Unemployed = Labor force - employed = 450314672-425482365 = 24832307
Unemployment rate = 24832307/450314672*100 = 5.51
Please calculate the unemployment rate given the following information: Please round to two decimal places in...