Free life, New Hampshire has a labor force of 80,500 persons and employment of 75,000. The unemployment rate for the city is: Group of answer choices 5.3%. 6.8%. 5.0%. 7.1%

Respuesta :

Answer:

The correct answer is B.

Explanation:

Giving the following information:

New Hampshire has a labor force of 80,500 persons and employment of 75,000.

The unemployment rate is calculated by dividing the unemployed people by the total labor force.

Unemployed population= 80,500 - 75,000= 5,500

Unemployment rate= 5,500/ 80,500= 0.068= 6.8%

The unemployment rate for the city is 6.8%.

Calculation of the unemployment rate:

Since labor force of 80,500 persons and employment of 75,000.

Here the unemployment people should be

= 80,500 - 75,000

= 5,500

Now the unemployment rate is

= 5,500 / 80,500

= 6.8%

Hence, The unemployment rate for the city is 6.8%.

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