Refer to the following table to answer the following questions.
Table 7.1: U.S. Employment Status (in thousands)
-Consider Table 7.1. In 2010, the unemployment rate was ________ percent.

Question

Refer to the following table to answer the following questions.
Table 7.1: U.S. Employment Status (in thousands) 
-Consider Table 7.1. In 2010, the unemployment rate was ________ percent.

Quizplus · Accepted Answer

To calculate the unemployment rate, we need to use the formula:
Unemployment Rate = (Number of unemployed workers / Labor Force) x 100
In 2010, the number of unemployed workers was 14,767 (in thousands) and the labor force was 153,888 (in thousands). Plugging these numbers into the formula, we get:
(14,767 / 153,888) x 100 = 9.6%
Therefore, the unemployment rate in 2010 was 9.6%.

Refer to the Following Table to Answer the Following Questions