If the labor force is 1000 workers, but 32 are unemployed, what is the unemployment percentage?

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08-03-2021
Business

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If the labor force is 1000 workers, but 32 are unemployed, what is the unemployment percentage?

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Gauravsingh23VTidn Gauravsingh23VTidn · Answer 1 · 2022-06-20T04:44:07-04:00

3.2% is the unemployment percentage, if the labor force is 1000 workers, but 32 are unemployed.

What is the reason of unemployment?

Unemployment is influenced by a lot of circumstances on both the demand and supply sides. Rising interest rates, a global recession, and a banking meltdown may all contribute to demand-side decreases. Underemployment and structural employment have a big impact in the supply side.

Thus, it is 3.2 percent.

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What is the reason of unemployment?

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