The official unemployment rate
Employ the following data to estimate the official unemployment rate: net population = 500; population under 15 years of age or institutionalized= 120; not in labour force= 150; unemployed = 23; part-time labour looking for full-time jobs = 10.
Employ the following data to estimate the official unemployment rate:
net population = 500;
population under 15 years of age or institutionalized= 120;
not in labour force= 150;
unemployed = 23;
part-time labour looking for full-time jobs = 10.
Expert
Official unemployment rate will be
10% [= (23/230) ´ 100].
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