Calculate the unemployment rate ?

ENGR.ECONOMIC ANALYSIS
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Hi I need help with the following question using the data table.

 

Calculate the unemployment rate ?

(Module 12) The population of Franklandia can be described by the data in the table below.
Civilian population age 16 and older
Number employed full time
Number employed part time
Number unemployed and looking for a job
Number unemployed and not looking for a job
Number in the military
Number in prison
500,000
220,000
80,000|
150,000
25,000
20,000
5,000
Transcribed Image Text:(Module 12) The population of Franklandia can be described by the data in the table below. Civilian population age 16 and older Number employed full time Number employed part time Number unemployed and looking for a job Number unemployed and not looking for a job Number in the military Number in prison 500,000 220,000 80,000| 150,000 25,000 20,000 5,000
Expert Solution
Step 1

Size of labor force= 220000+80000+150000

                             = 450000

Number of unemployed people= 150,000

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