Was wondering if i am doing this right
population: 200 million
labor force: 120 million
unemployment rate: 6%
How many people are unemployed each year? i got 80 mil
how many are employed? got 120
you guys think these are right?
Economic help please?student loans company
Just because someone is in the labor force doesn%26#039;t mean s/he is employed. It just means that s/he has or wants a job.
Unemployed = 120 * 6%= 7.2 mil
Employed = 120 * (1-6%)= 112.8 mil
Economic help please?
loan
Ignore the population since it can also include ppl under age 15. Only ppl in the labour force is counted. To get the number of unemployed ppl, take 6% * 120 mil. That%26#039;s your answer.
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