Assuming there are 190 million people employed in the United States and 10 million people unemployed, the unemployment rate would therefore equal

Question

Quizplus · Accepted Answer

Unemployment rate is calculated as the ratio of the number of unemployed individuals to the total labor force, which comprises both employed and unemployed individuals.

Total labor force = employed + unemployed 
= 190 million + 10 million 
= 200 million

Unemployment rate = (number of unemployed individuals / total labor force) x 100 
= (10 million / 200 million) x 100 
= 5 percent

Assuming There Are 190 Million People Employed in the United