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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

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.

For more details about reason of unemployment, click here:

https://brainly.com/question/9288794

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