Question

What is the employed rate if there are 125 million people in the labour force 100 million people employed and 25 million or not?

Answer 1

Answer:

Explanation:

Remember that the unemployed are those who are out of work and who are actively looking for a job. We can calculate the unemployment rate by dividing the number of unemployed people by the total number in the labor force, then multiplying by 100.

Unemployment rate

=

Unemployed people

Total labor force

×

100