Communication Skills, Module-1 - Practice Mode
2) Effective communication needs to be -
Explanation:
The unemployment rate is a measure of the percentage of the labor force that is not currently employed but is actively seeking employment. It is calculated by dividing the number of unemployed individuals by the total number of individuals in the labor force and then multiplying by 100.
Given that there are 125 million people in the labor force, 100 million people employed, and 25 million not employed, we can calculate the unemployment rate as follows:
Unemployment rate = (Number of unemployed / Total labor force) x 100 Unemployment rate = (25 million / 125 million) x 100 Unemployment rate = 0.2 x 100 Unemployment rate = 20%
Therefore, the unemployment rate in this scenario is 20%. It means that 20% of the labor force are not employed and actively seeking employment.