Question: Using the information displayed on the table below, calculate the Unemployment rate (expressed in percentage terms). Clearly provide your workings and solution below. Australia-snapshot Jan-19

Using the information displayed on the table below, calculate the Unemployment rate (expressed in percentage terms). Clearly provide your workings and solution below. Australia-snapshot Jan-19 Employed 12747.2 Unemployed X Labor force Y Not in labor force W Working age population 2 Participation rate 65.7% Employment-population ratio 62.4%

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