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5. In September 2017 the labor force in Hamden, Connecticut, was 14,800. There were 14,480 persons...

Question

5. In September 2017 the labor force in Hamden, Connecticut, was 14,800. There were 14,480 persons...

5. In September 2017 the labor force in Hamden, Connecticut, was 14,800. There were 14,480 persons employed. What was the local unemployment rate in Hamden? (Show calculations) (4 points)

5. In September 2017 the labor force in Hamden, Connecticut, was 14,800. There were 14,480 persons employed. What was the local unemployment rate in Hamden? (Show calculations) (4 points)

Answers

Labor force=14,800

Employed person=14,480

Unemployed people=labor force- employed person

=14,800-14,480

=320

Unemployment rate

= (number of unemployed \ labour force)*100

=(320\14,800)*100

=2.16%


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