Y
Yarthok (White Giant)
All worlds
25 Aug 2008 01:20Link
Total newb, so be gentle. I obviously don't know how the unemployment rate is computed...
What am I missing that makes the following statistics consistent? Shouldn't the percentage unemployed be?:
(Number of unemployed) divided by ((Number of unemployed) plus (Number of employed))
I compute that to be about 4.5% unemployment, not 14.95%.
Population 8,604,517
Employment Index 85.05
Percentage Unemployed 14.95
Number of Employed 3,641,394
Number of Unemployed 171,492
Thanks in advance!
What am I missing that makes the following statistics consistent? Shouldn't the percentage unemployed be?:
(Number of unemployed) divided by ((Number of unemployed) plus (Number of employed))
I compute that to be about 4.5% unemployment, not 14.95%.
Population 8,604,517
Employment Index 85.05
Percentage Unemployed 14.95
Number of Employed 3,641,394
Number of Unemployed 171,492
Thanks in advance!