If the number of people classified as unemployed is 20,000 and the number of people classified as employed is 230,000, what is the unemployment rate?
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total number of people = 230000 + 20000 = 250000
unemployment rate = no of people unemployed / total number of people
= 20000/250000 = 2/25
unemployment rate = no of people unemployed / total number of people
= 20000/250000 = 2/25
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