If the population of a country is 1,000,000 people,its labor force consists of 600,000,and 60,000 people are unemployed,the unemployment rate is:

Name: If the population of a country is 1,000,000 people,its labor force consists of 600,000,and 60,000 people are unemployed,the unemployment rate is:
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The unemployment rate is calculated by dividing the number of unemployed people by the labor force and then multiplying by 100. So, (60,000 / 600,000) * 100 = 10.0 percent.

If the Population of a Country Is 1,000,000 People,its Labor