Question

there are 100 people in the labor force in sayers,texas. If fifteen of those people are currently looking for work, what is the u employment rate?

Answer 1

The unemployment rate is calculated by dividing the number of unemployed individuals by the total labor force and multiplying by 100.

Number of unemployed individuals = 15
Total labor force = 100

Unemployment rate = (15/100) x 100 = 15%

Therefore, the unemployment rate in Sayers, Texas is 15%.

Answer 2

The employment rate in Sayers, Texas, is 85%.

Step-by-step explanation:

To calculate the employment rate, we need to consider the number of people who are employed relative to the total labor force. In this case, we have the following information:

Total labor force = 100 people

Number of people looking for work = 15

To calculate the number of employed individuals, we subtract the number of people looking for work from the total labor force:

Number of employed individuals = Total labor force - Number of people looking for work

Number of employed individuals = 100 - 15

Number of employed individuals = 85

Now we can calculate the employment rate by dividing the number of employed individuals by the total labor force and multiplying by 100:

Employment rate = (Number of employed individuals / Total labor force) x 100

Employment rate = (85 / 100) x 100

Employment rate = 85%

To calculate the employment rate, we need to consider the number of people who are employed relative to the total labor force. In this case, we have the following information:

Total labor force = 100 people

Number of people looking for work = 15

To calculate the number of employed individuals, we subtract the number of people looking for work from the total labor force:

Number of employed individuals = Total labor force - Number of people looking for work

Number of employed individuals = 100 - 15

Number of employed individuals = 85

Now we can calculate the employment rate by dividing the number of employed individuals by the total labor force and multiplying by 100:

Employment rate = (Number of employed individuals / Total labor force) x 100

Employment rate = (85 / 100) x 100

Employment rate = 85%

Therefore, the employment rate in Sayers, Texas, is 85%.