The unemployment rate is 6.74%.
To calculate this, divide the number of unemployed adults by the total adult population:
9 million / 272 million = 0.033088
Then multiply by 100 to convert to a percentage:
0.033088 * 100 = 3.31%
Therefore, the unemployment rate is 6.74% (rounded to two decimal places).
Suppose that:
Adult population: 272 million
Employed adults: 125 million
Unemployed adults: 9 million
a. The unemployment rate is %.
(Enter your response rounded to two decimal places.)
5 answers
b. The 138
million difference between the adult population and the combined total of people who are employed and unemployed can be classified as
million difference between the adult population and the combined total of people who are employed and unemployed can be classified as
The 138 million difference between the adult population and the combined total of people who are employed and unemployed can be classified as "not in the labor force." This includes individuals who are not actively seeking employment and are not considered unemployed, such as students, retirees, stay-at-home parents, and individuals with disabilities or other barriers to employment.
c.
Based on the above figures, the labor force participation rate
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is enter your response here
%.
(Enter
your response rounded to two decimal places.)
Based on the above figures, the labor force participation rate
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is enter your response here
%.
(Enter
your response rounded to two decimal places.)
The labor force participation rate is 48.16%.
To calculate this, divide the total number of employed and unemployed adults (i.e., the labor force) by the total adult population, and then multiply by 100:
(125 million + 9 million) / 272 million = 0.486029
0.486029 * 100 = 48.16%
Therefore, the labor force participation rate is 48.16% (rounded to two decimal places).
To calculate this, divide the total number of employed and unemployed adults (i.e., the labor force) by the total adult population, and then multiply by 100:
(125 million + 9 million) / 272 million = 0.486029
0.486029 * 100 = 48.16%
Therefore, the labor force participation rate is 48.16% (rounded to two decimal places).