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30 January, 15:37

The number of a country's unemployed workers decreased from 5.3 million to 3.9 million last year. if the country's population remained constant at 75 million, how did its unemployment rate change last year?

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Answers (2)
  1. 30 January, 16:35
    0
    unemployment decreased about 2%.

    Explanation:

    A P E X
  2. 30 January, 19:20
    0
    Unemployment rate is the percentage of people from total labor force who are actively seeking for job and not able to find it.

    Formula to calculate unemployment rate:

    Unemployment rate = (Number of unemployed/Labor force) * 100

    Unemployment rate when number of unemployed were 5.3 million

    = (5300000/75000000) * 100

    = 7.07%

    Unemployment rate when number of unemployed were 3.9 million

    = (3900000/75000000) * 100

    = 5.2%

    Unemployment decreased from 7.07% to 5.2%.
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