Marc graduated in 2023 and he started looking for a job. Last week he read the following information: The number of unemployed is 2,450,000 The labor force is 15,000,000 Working age population is 18,540,000 Calculate the following: 1) Number of employed 2) Unemployment rate 3) Employment rate 4) Marc noticed lately that foreign investment increased and about 125,000 vacancies were created and filled by unemployed people. Calculate the new unemployment rate. 5) Calculate the number of people who are not in the labor force.

Answer rating: 100% (QA)

To calculate the requested values based on the given information we can use the following formulas 1 ... View the full answer