The total population of the country is 159 million people, the working-age population is 139.7 million

The total population of the country is 159 million people, the working-age population is 139.7 million, the number of people employed is 87.6 million, and the number of unemployed is 7.8 million. Calculate the unemployment rate.

The unemployment rate is the ratio of the number of unemployed people in a certain age group to the number of economically active population in the corresponding age group.

In order to calculate the level of actual unemployment in the country, it is necessary to determine the share of the unemployed in the total working-age population.

U = (B • 100%) / E, where U is the level of actual unemployment,%;

B – the number of unemployed, million people;

E is the size of the able-bodied population, million people.

Thus:

U = (7.8 * 100%) / 139.7 = 5.5%