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:© BrainMass Inc. brainmass.com October 10, 2019, 12:35 am ad1c9bdddf
The unemployment rate is just the number of people unemployed over the total labor force. Any ...
Unemployment rate is examined.