The labor force in the United States has 146.8 million people in it. Of those, 138.6 million are employed. What is the unemployment rate?
Added by Sabrina J.
Step 1
First, we need to find the number of unemployed people. We can do this by subtracting the number of employed people from the total labor force. Number of unemployed people = Total labor force - Number of employed people Number of unemployed people = 146.8 million Show more…
Show all steps
Your feedback will help us improve your experience
Prabhakar Kumar and 81 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
A nation has a population of 260 million people. of these, 60 million are retired, in the military, institutionalized, or under 16 years old. there are 188 million who are employed and 12 million who are unemployed. what is the unemployment rate?
Narayan H.
If a nation has 120 million employed people and 15 million unemployed people, what is the unemployment rate?
Adi S.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD