The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals:

Question

Quizplus · Accepted Answer

The unemployment rate can be calculated using the formula:

Unemployment Rate = (Number of Unemployed / Total Labor Force) x 100

Total Labor Force = Number of Employed + Number of Unemployed

In this case:

Total Labor Force = 65,400 + 11,000 = 76,400

Unemployment Rate = (11,000 / 76,400) x 100 = 14.4%

Therefore, the answer is B) 14.4 percent.

The Unemployment Rate in a Town in Which 65,400 Persons