If the labour force includes 100 million workers and 5 million people are unemployed but actively seeking work,then the unemployment rate is _____%.
A) 1
B) 5
C) 10
D) 95

Question

Quizplus · Accepted Answer

Unemployment rate is the percentage of the labor force that is unemployed and actively seeking work.

Therefore,

Unemployment rate = (Number of Unemployed Workers / Labor Force) x 100

Given,

Labor Force = 100 million workers 
Unemployed Workers = 5 million

So,

Unemployment rate = (5 million / 100 million) x 100 = 5%

Hence, the answer is B.

If the Labour Force Includes 100 Million Workers and 5