Answer :

The unemployment rate is 18%

First step is to calculate the unemployed using this formula

Let plug in the formula

Unemployed = Labor force - Employed

Let plug in the formula

Unemployed= 50 million - 41 million

Unemployed=9 million

Now let determine the Unemployment rate

Using this formula

Unemployment rate = Unemployed / Labor force × 100

Let plug in the formula

Unemployment rate =9 million / 50 million×100

Unemployment rate=18%

Inconclusion The unemployment rate is 18%.

Learn more here:

https://brainly.com/question/6353363

Other Questions