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(Solved): Suppose there are 2,046 people in the labor force. 264 workers are employed full time but were unem ...



Suppose there are 2,046 people in the labor force. 264 workers are employed full time but were unemployed last month. Additionally, 63 workers had jobs last month but were laid off and have not found work yet. 57 workers lack skills that employers desire and have not been working for months; they are looking for jobs, though. 96 people are not working due to an overall decline in the economy and 97 workers are not working during this season. 83 workers quit their job and have not found a new one yet. Finally, 490 workers are working part time but would like full time work. Based on this information, calculate the current unemployment rate.



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