asked 157k views
5 votes
Freelife, New Hampshire has a labor force of 78,567 persons and employment of 74,382. The unemployment rate for the city is

asked
User Ovilia
by
8.4k points

1 Answer

2 votes

Answer:

5.3%

Step-by-step explanation:

The unemployment rate expresses the number of unemployed people in the labor force as a percentage of the total labor force.

Unemployed people refer to the jobless individuals that are seeking work.

In free life, the unemployment rate will be

=unemployed / labor force x 100

unemployed people =labor force - employed people

unemployed people = 78,567 - 74,382

unemployed people =4185

the unemployment rate = 4185/ 78,567 x 100

=0.053266 x 100

=5.3%

answered
User Gusepo
by
7.6k points
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