What is the unemployment rate if there are 150 million people employed,25 million people unemployed,and 25 million not in the labor force?
A)14.3%
B)13.4%
C)12.5%
D)25.0%

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed divided by the labor force (employed + unemployed). Here, it's 25 million unemployed / (150 million employed + 25 million unemployed) = 14.3%.

What Is the Unemployment Rate If There Are 150 Million