In March, 2006 the labor department of the country of Jobland determined that the size of the labor force was 100100 million out of which 9696 million were employed. In May 2006, the labor department determined that 1.51.5 million people became "discouraged workers" in April. Assuming that no new jobs were created between March and April, calculate the unemployment rate for March and April. Part 2 Jobland unemployment rate in March = 4.04.0 percent.

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06-06-2024
Business

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In March, 2006 the labor department of the country of Jobland determined that the size of the labor force was 100100 million out of which 9696 million were employed. In May 2006, the labor department determined that 1.51.5 million people became "discouraged workers" in April. Assuming that no new jobs were created between March and April, calculate the unemployment rate for March and April. Part 2 Jobland unemployment rate in March = 4.04.0 percent.

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