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In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted jobs. What is the unemployment rate in this town?A. 10.0%B. 11.0%C. 13.7 %D. 14.5%

Respuesta :

TomShelby

Answer:

C. 13.7

Explanation:

First, we look for the unemployees who seek and want a job

100 people

-10 U-16

-10 retired

-63 employeed

-  7 unemployeed but not seeking for job

10 unemployeed who wants and seeks for a job.

unemployement rate: unemployes / labor force

where:

labor force = employees + unemployees

10 + 63 = 73

unemployement rate = 10/73 = 0.136986 = 0.137

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