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Official Unemployment Rate in the United States

APMACR-EY@T92

Imagine the labor force of the United States numbers 157 million persons. There are 8 million jobless persons actively looking for work. There are 6 million involuntary part-time workers. There are 600,000 jobless persons not looking for work because they believe no jobs are available to them.

Given these conditions, what is the official unemployment rate in the United States?

A

4.2% Unemployment

B

5.1% Unemployment

C

5.4% Unemployment

D

8.9% Unemployment

E

9.2% Unemployment