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luring the course of a year, the labor force consists of the same 990 people. Of these. 25 lack skills that employers desire and hence

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luring the course of a year, the labor force consists of the same 990 people. Of these. 25 lack skills that employers desire and hence remain unemployed throughout the year At the ame time, every month during the year, 39 dillerent people become unemployed, and 39 other different people who were unemployed find jobs. There is no cyclical unemployment Calculate the frictional unemployment rate Enter your response as a percentage rounded to two decimal places) 6. Calculate the unemployment rate 6.46% (Enter your response as a percentage rounded to wo decimal places). C. Suppose that a system of unemployment compensation is established Each month 39 new people (not including the 25 lacking required skills) continue to become unemployed. but each monthly group of newly unemployed now takes two months to find a job. Calculate the frictional unemployment rate after this change (Enter your cesponse as a percentage rounded to two decimal places)

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