Full-time employed = 80
Part-time employed = 25
Unemployed = 15
Discouraged workers = 5
Consumer Price Index = 110

-The unemployment rate is:

Question

Full-time employed = 80
Part-time employed = 25
Unemployed = 15
Discouraged workers = 5
Consumer Price Index = 110

-The unemployment rate is:

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals divided by the labor force, then multiplied by 100 to get a percentage. The labor force includes those who are full-time employed, part-time employed, and unemployed, but does not include discouraged workers. Therefore, the labor force = 80 (full-time) + 25 (part-time) + 15 (unemployed) = 120. The number of unemployed individuals is 15. Thus, the unemployment rate = (15 / 120) * 100 = 12.5%.

Full-Time Employed = 80