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Calculate the unemployment rate in australia

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Reference no: EM132787264

Problem 1: Below, use the information from 2020 to calculate the unemployment rate in Australia.

1. The number of unemployed persons is 921,780.

2. The labour force (i.e., employed and unemployed persons) is comprised of 13,505,190 persons

3. The working age population is 20,674,681 persons.

Reference no: EM132787264

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