In 1999, the U.S. population 16 years old or older was 207.8 million, the number employed was 133.5 million, the number unemployed was 5.9 million, and the labor force was 139.4 million. The unemployment rate in 1999 was _______%.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed by the labor force and multiplying by 100. In this case, the unemployment rate is (5.9 million / 139.4 million) * 100 = 4.2%.