Using the same table as in the previous question, the unemployment rate in 2015 was ______ percent. Round your answer to the nearest tenth of a percent.Numerical
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Unemployment is calculated based on the proportion of unemployed amongst the population.
In a particular month, the Bureau of Labor Statistics (BLS) conducts a survey of 60,000 people and reports the following statistics: Have jobs = 55,584 persons Unemployed and have been looking for a job in the last four weeks = 2,316 persons Unemployed but not have been looking for a job in the last four weeks = 2,100 persons In that month BLS reports an unemployment rate of:
A person who stops looking for work because they are discouraged is not counted in the official unemployment rate.
A person who stops looking for work because they are discouraged is not counted in the official unemployment rate.
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