Hometown,NB,has a labour force of 78 567 persons and employment of 74 382.What is the unemployment rate for the city?
A)5.3 percent
B)5.6 percent
C)6.0 percent
D)7.1 percent

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as ((Labour force - Employment) / Labour force) * 100. For Hometown, NB, it is ((78,567 - 74,382) / 78,567) * 100 = 5.3 percent.

Hometown,NB,has a Labour Force of 78 567 Persons and Employment