If the number of people employed is 150,000 and the labor force is 170,000, the unemployment rate is
A) 2.5%.
B) 6.25%.
C) 6.55%.
D) 11.76%.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed people divided by the labor force, then multiplied by 100 to get a percentage. If the labor force is 170,000 and 150,000 are employed, then 20,000 are unemployed. The unemployment rate is (20,000 / 170,000) * 100 = 11.76%.

If the Number of People Employed Is 150,000 and the Labor