Use the following to answer questions: Table: Employment, Unemployment, and Labor Force Participation $$\begin{array} { l r r }
\hline \text { Year } & \mathbf { 2 0 0 9 } & \mathbf { 2 0 1 0 } \
\hline \text { Population } & 380 \text { million } & 400 \text { million } \
\text { Adults in labor force } & 255 \text { million } & 260 \text { million } \
\text { Adults not in labor force } & 78 \text { million } & 80 \text { million } \
\text { Employed workers } & 245 \text { million } & 247 \text { million } \
\hline
\end{array}$$
-(Table: Employment, Unemployment, and Labor Force Participation) Refer to the table. What is the unemployment rate of the country in 2010?

Question

Use the following to answer questions: Table: Employment, Unemployment, and Labor Force Participation $$\begin{array} { l r r } 
\hline \text { Year } & \mathbf { 2 0 0 9 } & \mathbf { 2 0 1 0 } \
\hline \text { Population } & 380 \text { million } & 400 \text { million } \
\text { Adults in labor force } & 255 \text { million } & 260 \text { million } \
\text { Adults not in labor force } & 78 \text { million } & 80 \text { million } \
\text { Employed workers } & 245 \text { million } & 247 \text { million } \
\hline
\end{array}$$
-(Table: Employment, Unemployment, and Labor Force Participation) Refer to the table. What is the unemployment rate of the country in 2010?

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed divided by the labor force. In 2010, the labor force is 260 million, and the number of employed is 247 million, so the number of unemployed is 260 - 247 = 13 million. The unemployment rate is (13/260) * 100% = 5%.

Use the Following to Answer Questions: Table: Employment, Unemployment, and Labor