If the unemployment rate is 6.5% and the labor force is 40,000, what would be the total number of employed people?
- Elaine MLv 71 month ago
6 1/2 of 40,000
- Dan BLv 71 month ago
It would be 93.5% of the workforce.
- A.J.Lv 71 month ago
First be advised, that government reported numbers such as these are asterisked and don't add up mathematically because 4% unemployed and 60% employed leaves 36% in neither one. However, as a math question, 6.5% unemployed means 100% - 6.5% employed = 0.935 employed x 40,000 labor force = 37,400 employed people. This is only for high school or lower level math and does not apply to the real world reports.
- Aster RhoidsLv 61 month ago
I hope you can solve a basic economics problem.