The unemployment rate is the percentage of people in the labor force who are unemployed, calculated as ... ... which is 3.5 percent. Unemployed Labor force Calculation Unemployment rate Reset 5.7 million 164.5 million 5.7 164.5 x 100 3.5 percent 0 Labor force (164.5 million) 50 150 Unemployed (5.7 million) Young military (69.9 million) Not in labor force (95.1 million) 1 1 L 200 250 300 350 Population (millions)

The unemployment rate is the percentage of people in the labor force who are unemployed, calculated as ... ... which is 3.5 percent. Unemployed Labor force Calculation Unemployment rate Reset 5.7 million 164.5 million 5.7 164.5 x 100 3.5 percent 0 Labor force (164.5 million) 50 150 Unemployed (5.7 million) Young military (69.9 million) Not in labor force (95.1 million) 1 1 L 200 250 300 350 Population (millions)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In an economy with an adult population of 120 million, total employment of 90 million, and unemployment of 10 million people, the unemployment rate is _____ percent.
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If 42 percent of all people working in the UnitedStates are baby boomers, how many were working in2008? If 15 percent of the baby boomers retire in 10years, how many jobs will this represent from 2008employment? Use employment information from thelesson to make the calculations.
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plz answer correct asap dont answer by pen papar