Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose their jobs and 300,000 find jobs. The new total of employed persons is
And the new unemployment rate is .
A) 94.1 million; 5.9 percent
B) 93.9 million; 6.1 percent
C) 100 million; 6.1 percent
D) 100.1 million; 5.8 percent

Question

Quizplus · Accepted Answer

At the beginning, there were 100 million in the labor force and 6 million unemployed people. So the number of employed persons was 100 million - 6 million = 94 million.
During the next month, 300,000 people found jobs, so the new number of employed persons is 94 million + 300,000 = 94.3 million.
Also, 200,000 people lost their jobs, so the number of unemployed people is now 6 million + 200,000 = 6.2 million.
Therefore, the labor force is 100 million, the number of employed persons is 94.3 million, and the number of unemployed persons is 6.2 million.
The unemployment rate is (6.2 million / 100 million) x 100 = 6.2%. 
So the best choice is A) 94.1 million; 5.9 percent.

Suppose There Are 100 Million in the Labor Force, and 6