If the number of people employed is 150,000 and the labor force is 160,000, the unemployment rate is:
A) 2.5%.
B) 10.25%.
C) 6.67%.
D) 6.25%.

Name: If the number of people employed is 150,000 and the labor force is 160,000, the unemployment rate is: A) 2.5%. B) 10.25%. C) 6.67%. D) 6.25%.
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Quizplus · Accepted Answer

The unemployment rate is calculated as ((Labor Force - Employed) / Labor Force) * 100 = ((160,000 - 150,000) / 160,000) * 100 = 6.25%.

If the Number of People Employed Is 150,000 and the Labor