If there are 80 million people working,10 million officially unemployed,and 10 million discouraged workers,how much is our unemployment rate?

Question

Quizplus · Accepted Answer

The total size of the labor force is the sum of employed and officially unemployed:
Labor force = employed + officially unemployed = 80 million + 10 million = 90 million.

The unemployment rate is the percentage of the labor force that is officially unemployed:
Unemployment rate = (officially unemployed / labor force) x 100%
= (10 million / 90 million) x 100%
= 11.1%.

Discouraged workers are not included in the unemployment rate calculation because they are no longer actively seeking employment.

If There Are 80 Million People Working,10 Million Officially Unemployed,and