Assume that in January there were 5,000,000 workers in the labor force, with 4,670,000 employed and 330,000 unemployed, implying an unemployment rate of 6.6 percent. One month later, there were 5,170,000 workers in the labor force, with 4,845,000 employed and 325,000 unemployed. (Note that the number of employees went from 4,670,000 to 4,845,000, an increase of 175,000.)
The unemployment rate in February is 6,796.79%. (Round your answer to two decimal places.)

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To calculate the unemployment rate in February we need to determine t... View the full answer