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Calculating Unemployment Using Unemployment Figures Use the Data Given to calculate the information at the bottom of the chart. 1 2 3 4 Adult Population,
Calculating Unemployment Using Unemployment Figures Use the "Data Given" to calculate the information at the bottom of the chart. 1 2 3 4 Adult Population, 16 & Over 1000 5000 3246 9481 Employed Workers 800 3500 2409 7172 Data Given Not in the Labor Force 50 1000 572 2084 Frictionally Unemployed 30 175 103 89 Structurally Unemployed 60 250 127 117 Labor Force (Adult Population - Not in the Labor Force) Labor Force Participation Rate (Labor Force / Adult Population) x 100 Total Number Unemployed (Labor Force - Employed) Unemployment Rate (Total Unemployed / Labor Force) x 100 Frictional Unemployment Rate (Frictionally Unemployed / Labor Force) x 100 Calculate Structural Unemployment Rate (Structurally Unemployed / Labor Force) x 100 Number Cyclically Unemployed Total Unemployed - (Frictionally + Structurally Unemployed) Cyclical Unemployment Rate (Cyclically Unemployed / Labor Force) x 100 OR Unemployment Rate - (Frictional + Structural Unemployment Rates) Natural Rate of Unemployment (NRU) ((Frictionally + Structurally Unemployed) / Labor Force) x 100 OR Frictional Unemployment Rate + Structural Unemployment Rate
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