Determine the expected unemployment rate

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Reference no: EM1368783

a) Calculate the unemployment rate when labor force is 154 million and number of unemployed is 14.6 million.

b) Due to the slow-down economy, it is expected that there will be 0.7 million additional workers who will lose their jobs next month. What is the expected unemployment rate for next month?

Reference no: EM1368783

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