Nbsp1 if there are 150 million people in the labor force

Assignment Help Macroeconomics

Reference no: EM13378740

1) If there are 150 million people in the labor force and 10 million of them do not have jobs but have looked for work in the last month what is the unemployment rate?

2)If next month 5 million people who have been discouraged workers start looking for work what will the unemployment rate be?

Reference no: EM13378740

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