00:01
Hello everyone and welcome.
00:02
So we are given the unemployment rate as well as the total labor force and we're going to use this to calculate the number of workers in millions in this nation who are unemployed as well as the number of workers who are employed.
00:15
Both of these are going to be given in millions.
00:17
So the unemployed, so the number of people who are unemployed is equal to the unemployment percentage, the unemployment rate, which is 6 .19.
00:32
0 .19, a percent, which is the same thing as 0 .0619, times the total labor force, which is 44 million.
00:43
And since we are using our units of millions, we don't really have to write out all the zeros.
00:49
So we're going to put this into our calculator.
00:52
So we have 0 .0619 times 44, which is 2 .72, rounded to the second decimal million.
01:04
And then to get the number of people who are employed, you do the labor force...