Suppose the population is equal to 100 there are 50 people e

Suppose the population is equal to 100, there are 50 people employed in jobs, and 25 people actively looking for employment but who currently do not have jobs. What is the unemployment rate

Solution

unemploymnet rate =( unemployed / labor force)*100

unemployed = people actively looking for work

labor force = people employed + people actively looking for job

unemployment rate = (25/75)*100

= 33.3%