the overall population for region a is 86 million people. the labor force contains 45 million people, 29 million people are employed, and 16 million are unemployed. what is the unemployment rate? round your answer to two decimals.

Respuesta :

The unemployment rate is 35.56%.

People of working age who are unemployed, available for work, and have made explicit efforts to find employment are considered to be unemployed.

Estimates of unemployment rates based on this definition are applied consistently, making them more comparable worldwide than estimates based on national definitions of unemployment.

This indicator is seasonally adjusted and measures the number of jobless persons as a percentage of the labor force. The entire number of unemployed persons plus those who are employed is referred to as the labor force. Data are based on surveys of the labor force (LFS).

To calculate the unemployment rate, we have to divide unemployed people by labor force and then multiply by 100 to find rate.

Unemployment rate = Unemployed labor force/ total labor force *100

= 16/45 *100

= 35.55555%

= 35.56%

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