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Sagot :
Answer:
5%
12%
Explanation:
Unemployment rate is the fraction of the labour force that are unemployed but are actively looking for work
Types of unemployment include:
Frictional unemployment : it is the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. The 300 unemployed people are frictionally unemployed
structural unemployment : it occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent. The 420 unemployed people are structurally unemployed
Voluntary unemployment : e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment : occurs as a result of fluctuations in the economy
Frictional unemployment = (total frictional unemployed people / total labour force ) x 100
(300 / 6000) x 100 = 5%
Total unemployment rate = (total frictional unemployed people + total structural unemployed individuals / total labour force ) x 100
[(300 + 420) / 6000] x 100 = 12%
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