If the population is 267 million the labor force is 136 million and the number measured as unemployment is 6.8 million what is the unemployment rate?

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1021425

2026-03-16 13:15

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The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force and then multiplying by 100 to get a percentage. In this case, the unemployment rate would be (6.8 million / 136 million) × 100, which equals approximately 5%.

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