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    Unemployment rate

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    The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 people in the community are under the age of 16. The unemployment rate is:

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    Solution Preview

    The unemployment rate is just the number of people unemployed over the total labor force. Any ...

    Solution Summary

    Unemployment rate is examined.