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Calculate the frictional unemployment rate

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During the course of a ?year, the labor force consists of the same 1,055 people. Of? these,16 lack skills that employers desire and remain unemployed throughout the year. At the same? time, every month during the? year, 37 different people become? unemployed, and 37 other people who were unemployed find jobs. There is no cyclical unemployment.

Calculate the frictional unemployment rate.

Reference no: EM132235659

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