The employment rate is calculated as the number employed divided by the working age population, multiplied by 100:
Employment rate = (Number employed / Working age population) x 100
Employment rate = (361000 / 550000) x 100
Employment rate = 65.6 percent
Therefore, the answer is A) 65.6 percent.
Total population=745000
Working age population=550000
Number employed=361000
Number of unemployed=19000
a. Using the above table, the employment rate is
A) 65.6 percent.
B) 48.5 percent.
. C) 95.0 percent
D) 69.1 percent.
3 answers
b. Using the above table, the unemployment rate X is
The unemployment rate is calculated as the number of unemployed divided by the working age population, multiplied by 100:
Unemployment rate = (Number of unemployed / Working age population) x 100
Unemployment rate = (19000 / 550000) x 100
Unemployment rate = 3.5 percent
Therefore, the answer is 3.5 percent.
Unemployment rate = (Number of unemployed / Working age population) x 100
Unemployment rate = (19000 / 550000) x 100
Unemployment rate = 3.5 percent
Therefore, the answer is 3.5 percent.
1 answer