If the civilian noninstitutionalized population is 230,108, the number of employed is 145,926, the number of unemployed is 6,849, and the number of discouraged workers is 77,676, the unemployment rate is about 3.0 percent.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force, which is the sum of the employed and unemployed individuals.

Labor force = employed + unemployed 
Labor force = 145,926 + 6,849 
Labor force = 152,775

Unemployment rate = (unemployed / labor force) x 100% 
Unemployment rate = (6,849 / 152,775) x 100% 
Unemployment rate = 4.49%

Therefore, the correct answer is B, the unemployment rate is not about 3.0 percent, it is 4.49 percent.

If the Civilian Noninstitutionalized Population Is 230,108, the Number of Employed