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Econ Land has 1,000 residents of working age. Assume 600 currently work for pay. 120 of them are currently unemployed but looking for work. 150

Econ Land has 1,000 residents of working age. Assume 600 currently work for pay. 120 of them are currently unemployed but looking for work. 150 are stay at home parents, 80 are full time students, and 50 are retired. If 20 of Econ Land's unemployed give up looking for work, becoming 'discouraged workers,' what is the unemployment rate now

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