unemployment rate choice 5.52 5.23 3.48 2nd row 9.02 8.27 5.35 3rd row 9.42 5.32

Question

unemployment rate choice
5.52
5.23
3.48

2nd row
9.02
8.27
5.35

3rd row
9.42
5.32
1.61

all percentage

4. The unemployment rate in different countries . Aa The following table contains unemployment statistics from 2011 for three different countries: Australia, Sweden, and France (Source: Bur of Labor Statistics). Fill in the table using the given data. Working-Age (Civilian Non-institutionalized) Population (Thousands) 17,854 Not in the Civilian Labor Labor Force (Thousands) (Thousands) (Thousands) (Thousands) Country Percent) Australia 5,986 11,968 11,247 4,534 25,423 621 Sweden 21,589 2,644 9.42% 1.61% CHA 3.16 3004-2016 Apielnight rved 2043 Cenga

Explanation / Answer

1. Unemployment rate = [Number of unemployed people / Labor force] X 100

= [Number of unemployed people / (Employed + Unemployed)] X 100

= [621 / (11,247 + 621)] = 5.23

2. Unemployment rate = [409 / (4,534 + 409)] X 100 = 8.27

3. Unemployment rate = [2,644 / (25,423 + 2,644)] X 100 = 9.42

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