Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Help solve economics question?
Assume the United States has the following employment information:
People Working One Full Time Job: 110,000,000
People Working One Part Time Job: 24,000,000
People Working Two Jobs: 5,000,000
Discouraged Workers: 460,000
Labor Force: 148,000,000
Natural Rate of Unemployment 5%
a. What is the unemployment rate in this economy?
This is the answer I came up with
110,000,000+24,000,000+5,000,000+460,000= number of people working 139,460,000. The labor force of 148,000,000 minus the number of employed people = 8,540,000. So we can get the unemployment rate with 8,540,000 divided by 148,000,000 = 0.0577 *100 = 5.7
