Question
In the country of Economica, the total labor force consists of 5 comma 0005,000 workers. 300300 of these workers are unemployed, and thus the current
In the country of Economica, the total labor force consists of
5 comma 0005,000
workers.
300300
of these workers are unemployed, and thus the current unemployment rate is
6.06.0%.
This year,
100100
workers will lose their jobs,
8585
workers will return to the labor force after an absence,
5050
workers will voluntarily leave their jobs, and
250250
new workers will enter the labor force.At the same time,
415415
workers will find jobs, and
150150
workers will retire or leave the labor force for other reasons.Thus, at the end of the year, the labor force will consist of
nothing
workers, and the unemployment rate will be
nothing %.
(Round your responses to one decimal place.)
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