The Bureau of Labor Statistics reported that in June 2019, the labor force in Michigan was 4,957 thousand and employment was 4,748 thousand. Calculate the unemployment rate in Michigan in June 2019. The unemployment rate in Michigan in June 2019 is percent.
The Bureau of Labor Statistics reported that in June 2019, the labor force in Michigan was 4,957 thousand and employment was 4,748 thousand. Calculate the unemployment rate in Michigan in June 2019. The unemployment rate in Michigan in June 2019 is percent.
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 5CQ
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