I need help with an economics assignment

label Economics
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Dec 3rd, 2015

Thank you for the opportunity to help you with your question!

Unemployment rate(May 2011) = {unemployed/(employed+unemployed)}*100 = {3000/(3000+15000)}*100 = 16.7%

Number of unemployed people at end of June 2011 = Unemployed(May)+new graduates-discouraged workers-looked for work and were hired =3000+30-30-100= 2900

Number of employed people at end of June 2011 = Employed+looked for work and were hired-lost jobs and didnt look for new-quit jobs and retired = 15000+100-100-20 =14980

Unemployment rate at end of June = {2900/(2900+14980)}*100 = 16.2%

Please let me know if you need any clarification. I'm always happy to answer your questions.
Dec 3rd, 2015

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