Look at the following data: Employed persons = 110 million; civilian labor force = 135 million persons; civilian noninstitutional population = 190 million.The unemployment rate is __________ percent and the employment rate is __________ percent.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as [(Civilian Labor Force - Employed Persons) / Civilian Labor Force] * 100 = [(135 - 110) / 135] * 100 = 18.5%. The employment rate is calculated as (Employed Persons / Civilian Noninstitutional Population) * 100 = (110 / 190) * 100 = 57.9%.

Look at the Following Data: Employed Persons = 110 Million;