$$\begin{array} { | l | c | }
\hline { \text { Component } } & \begin{array} { l }
\text { Number of } \
\text { people }
\end{array} \
\hline \text { Total population } & 2600 \
\hline \text { Working-age population } & 2000 \
\hline \text { Not in labor force } & 500 \
\hline \text { Employed } & 1300 \
\hline
\end{array}$$
-Using the information in the table above, calculate the unemployment rate.
A) 53.3 percent
B) 30.8 percent
C) 7.7 percent
D) 13.3 percent

Question

$$\begin{array} { | l | c | } 
\hline  { \text { Component } } & \begin{array} { l } 
\text { Number of } \
\text { people }
\end{array} \
\hline \text { Total population } & 2600 \
\hline \text { Working-age population } & 2000 \
\hline \text { Not in labor force } & 500 \
\hline \text { Employed } & 1300 \
\hline
\end{array}$$
-Using the information in the table above, calculate the unemployment rate.
A) 53.3 percent
B) 30.8 percent
C) 7.7 percent
D) 13.3 percent

Quizplus · Accepted Answer

The labor force is the sum of employed and unemployed people. Here, the labor force is 2000 - 500 = 1500. The number of unemployed is 1500 - 1300 = 200. The unemployment rate is (200 / 1500) * 100 = 13.3 percent.

-Using the Information in the Table Above, Calculate the Unemployment