Question

employed= 160.0
unemployed= 15.0
Not in Labor Force= 78.5

the distribution of the population aged 16 and older into three​ groups: people who are​ employed, those who are​ unemployed, and those not in the labor force. Suppose that among the 15.0 million unemployed​ people, currently 6.9 million are frictionally​ unemployed, 5.9 million are cyclically​ unemployed, and 2.2 million are structurally unemployed. What is the natural rate of​ unemployment?

Part 2
If among the 15.0 million unemployed​ people, 6.9 million are frictionally​ unemployed, 5.9 million are cyclically​ unemployed, and 2.2
million are structurally​ unemployed, then the natural rate of unemployment is ---percent. ​(Enter your response rounded to one decimal​ place.)
The natural rate of unemployment is calculated by dividing the number of frictional and structural unemployed individuals by the sum of employed and unemployed individuals, and then multiplying by 100:

natural rate of unemployment = (frictional unemployment + structural unemployment) / (employed + unemployed) x 100

natural rate of unemployment = (6.9 + 2.2) / (160 + 15) x 100
natural rate of unemployment = 9.1 / 175 x 100
natural rate of unemployment = 5.2%

Therefore, the natural rate of unemployment is 5.2%.

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