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ECONOMIC FINANCE HELP a. (This question about the U-6 rate is completely different than the prior question about the U-3 rate. In other words, none

ECONOMIC FINANCE HELP

a. (This question about the U-6 rate is completely different than the prior question about the U-3 rate. In other words, none of the numbers from the prior question should be used in this question.) Use the following information to solve for the U-6 rate (the U-6 unemployment rate):

Number of people with full-time jobs: 101MM

Number of people with part-time jobs who are happy working part-time: 13.2MM

Number of people working part-time, but want full-time employment: 3.2MM

Number of people who are unemployed and have looked for a job in the past month: 5.9MM

Number of people who want a job, they have looked for jobs in the past year, but they have not looked in the past month because of:

1) Discouraged (didnt believe there was a job available for them): 1.2MM

2) School or family issues: 300,000

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