The table below shows information on the adult population of a small country. Employment Information Adult population 22.1 million Full-time workers 13.4 million Part-time workers 4.4 million Unemployed workers actively seeking employment 1.5 million Unemployed workers not actively seeking employment 1.1 million What is the unemployment rate? Multiple Choice 7.8 percent 3.1 percent 5.3 percent 6.8 percent
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The unemployment rate is calculated as the percentage of the labor force that is not employed but is actively seeking employment. Show more…
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