Calculating the unemployment rate
Calculating the unemployment rate. # of people unemployed divided by # of people in the civilian labor force x100 7,000,000/151,400,000 =.046 .046 x 100 = 4.6. LF=labor force U=unemployed. LF=100,000,000, U=5,000,000 LF=275,000,000, U=7,000,000 LF=46,789,000, U=2,563,000
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