Practice question · Numerical answer
A different town has 7,600 people in paid work and 400 people who are available and actively seeking work. What is its unemployment rate, as a percentage?
Hints
- The denominator is the active population, not the whole town.
- Divide 400 by the sum of 7,600 and 400, then multiply by a hundred.
Show the answer
5 (answers within ±0.01 count)
Why
5 per cent. The active population is 8,000, of whom 400 are unemployed. If this town also holds 4,000 students, retired and other inactive adults, the same 400 people expressed against all 12,000 adults would read as about 3 per cent, which is why the denominator has to be stated before any two countries are compared.
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