The U.S. Bureau of Labour Statistics recently reported that there were 48.6 million people over age 25 who had at least a bachelor's degree. Of this number, 38.0 million were in the labour force and 36.9 million were employed. What was the unemployment rate in this group?

Question

Quizplus · Accepted Answer

The unemployment rate is the number of unemployed individuals divided by the total labor force. In this case, the number of unemployed individuals is 38.0 million - 36.9 million = 1.1 million. The total labor force is 38.0 million, so the unemployment rate is (1.1 million / 38.0 million) x 100% = 2.9%. Therefore, the best answer is C: about 2.9 percent.

The US Bureau of Labour Statistics Recently Reported That There Were