What is the open unemployment rate

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It is known that the population of working age (>15 years) in a country is 123,500,999 people. Of the total working age, only 121,950,000 people are included in the workforce. The population with jobs is 121,700,000 people and those without jobs are 13,250,000 people.

Question

1. What is the open unemployment rate?

2. What is the labor force participation rate?

Reference no: EM133637641

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