Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In March, 2006 the labor department of the country of Jobland determined that the size of the labor force was 100100 million out of which
In March, 2006 the labor department of the country of Jobland determined that the size of the labor force was 100100 million out of which 9696 million were employed. In May 2006, the labor department determined that 1.51.5 million people became "discouraged workers" in April. Assuming that no new jobs were created between March and April, calculate the unemployment rate for March and April. Part 2 Jobland unemployment rate in March = 4.04.0 percent. (Enter your response rounded to one decimal place.) Part 3 Jobland unemployment rate in April =enter your response here percent. (Enter your response rounded to one decimal place.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started