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Homework answers / question archive / In Hockeytown, USA, the adult population (over the age of 16) is 307
In Hockeytown, USA, the adult population (over the age of 16) is 307.2 thousand and the number of people in the labor force is 188.6 thousand. There are 128.4 thousand people employed. The unemployment rate in Hockeytown is _______ percent. Round your answer to one digit to the right of the decimal (for example, 8.3) and do NOT include the percent symbol.
Labor force = Employed + Unemployed
188.6 thousand = 128.4 thousand + Unemployed
Unemployed = 60.2 thousand
Unemployment rate = Unemployed / Total labor force
= 60.2 /188.6
= 0.319 or 31.9%