In the United States in 1996, the population was 265.5 million and the working age population was
200)6 million. There were 133.9 million people in the labor force and 126.7 of them were employed. The unemployment rate equaled .

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force and multiplying by 100. 
Number of unemployed individuals = Labor force - Number of employed individuals = 133.9 million - 126.7 million = 7.2 million.
Unemployment rate = (7.2 million / 133.9 million) x 100 = 5.4%
Therefore, the answer is C) 5.4 percent.

In the United States in 1996, the Population Was 265