In June 2009 the Bureau of Labor Statistics reported an adult population of 234.9 million,a labor force of 154 million and employment of 141.6 million.Based on these numbers the unemployment rate was
A)93.3/234.9.
B)12.4/234.9.
C)93.3/154.
D)12.4/154.

Question

Quizplus · Accepted Answer

To find the unemployment rate, we divide the number of unemployed individuals (which is the difference between the labor force and the number of employed individuals) by the labor force. 
Unemployed individuals = labor force - employed individuals 
Unemployed individuals = 154 million - 141.6 million 
Unemployed individuals = 12.4 million 
Unemployment rate = 12.4 million / 154 million 
Unemployment rate = 0.0805 or 8.05% 
Therefore, the answer is D) 12.4/154.

In June 2009 the Bureau of Labor Statistics Reported an Adult