Mathematics, 23.04.2020 23:31 ShiannBerry

The United States population is roughly 314 million people (314,000,000). The workforce participation rate, defined as the percent of the population working or looking for work, is 62.8%. The unemployment rate is the percent of the workforce that is looking for work, but cannot find it.
(a) How many people are working or looking for
(b) If the unemployment rate is currently 6.8%, work in the United States? then how many people are unemployed to the
nearest hundred thousand.

Answers: 2

Show answers

Answers

Answer from: kaykay9243

A) The number of people working or looking for work = 197,192,000

B) The number of people that are unemployed = 21.4 million

We are told;

US population = 314, 000, 000

Percentage of those looking for work but cannot find work = 62.8%

A) Number of people looking for work but cannot find work = 62.8% × 314000000

>> 197,192,000

B) We are told that the unemployment rate is now 6.8%. Thus;

Number of people that are unemployed = 6.8% × 314000000 = 21,352,000

Approximating to the nearest hundred thousand gives; 21.4 million

Read more about population percentages at; link

Answer from: arigar

(a). The number of people working or looking for work in The United States are 197192000

(b). The number of unemployed are 21400000.

Given in the question,

The United States population → 314 million (314000000)Workforce participation rate → 62.8%

a). Number of people working or looking for work will be given by,

Number of people working or looking for work = Total population × Workforce participation rate

Therefore, number of people working or looking for work = $314\times \frac{62.8}{100}$

= 197.192 million

= 197192000

b). If the unemployment rate of U.S. = 6.8%

Number of unemployed persons = $314000000\times \frac{6.8}{100}$

= 21352000

≈ 21400000

Therefore, (a) the number of people working or looking for work in The United States are 197192000 and (b) the number of unemployed are 21400000.

Learn more,

link

Answer from: Quest

step-by-step explanation:

Answer from: Quest

A: 0.26 would be the answer

Another question on Mathematics

Mathematics, 21.06.2019 17:00

The graph of f(x), shown below, resembles the graph of g(x) = x2, but it has been changed somewhat. which of the following could be the equation of f(x)?

Answers: 2

Answer

Mathematics, 21.06.2019 17:30

Sheila wants to bake six muffins but the recipe is for 12 muffins . this means you only need half of the ingredients listed how much of the of each ingredient does she need? one cup and banana chips ,7 tablespoons oil , two eggs, 3/4 cups flour 1/4 cup walnuts show all you work and justify your answer using a baby toulmin.

Answers: 3

Answer

Mathematics, 21.06.2019 18:30

Which one ? is the answer and how to find this answer

Answers: 2

Answer

Mathematics, 21.06.2019 21:00

Two cars which are 40 miles apart start moving simultaneously in the same direction with constant speeds. if the speed of the car which is behind is 56 mph and the speed of the other car is 48 mph, how many hours will it take for the car which is behind to catch up the car ahead of it?

Answers: 2

Answer

You know the right answer?

The United States population is roughly 314 million people (314,000,000). The workforce participatio...

Questions