Asked by Jordyn Orrison on May 10, 2024
Verified
Given: 80 million employed;20 million unemployed;10 million collecting unemployment insurance benefits;10 million discouraged workers.Find: (1)the number of people in the labor force; (2)the unemployment rate.
Labor Force
The total number of people, including both employed and unemployed individuals, who are actively seeking work.
Unemployment Rate
The ratio of the workforce that is in a state of joblessness while searching for work opportunities.
Unemployment Insurance
A government program that provides temporary financial assistance to individuals who are unemployed through no fault of their own.
- Comprehend the principles and mathematical operations associated with unemployment figures.
- Ascertain the dimension of the workforce utilizing provided statistics.
Verified Answer
Learning Objectives
- Comprehend the principles and mathematical operations associated with unemployment figures.
- Ascertain the dimension of the workforce utilizing provided statistics.
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