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Suppose that that the number of unemployed workers is 10.5 million, the number of employed workers is 149.5 million, and the job-finding ratefis 40 percent.
Suppose that that the number of unemployed workers is 10.5 million, the number of employed workers is 149.5 million, and the job-finding ratefis 40 percent. Between timet=0andt=1, the number of unemployed workers decreases by 0.5 million. Based on this information, you know that the job separation ratestat timet=0is ______ percent (round to the nearest tenth of a percent).
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