If the population of the United States is 260 million, the labor force is 130 million, and 120 million workers are employed, the rate of unemployment is _____.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed workers divided by the labor force, multiplied by 100. Here, 10 million are unemployed (130 million labor force - 120 million employed), so the unemployment rate is (10 million / 130 million) * 100 = 7.69%.

If the Population of the United States Is 260 Million