Business, 10.03.2020 20:03 hectol9429

The city of Hope has a labor force of 1000. Twenty people lose their jobs each month and remain unemployed for exactly one month before finding jobs. On January 1, May 1, and September 1 of each year, 50 people lose their jobs for a period of four months before finding new jobs.

What is the unemployment rate in any given month?

A).2%

B).5%

C).7%

D). 3%

Answers: 3

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The city of Hope has a labor force of 1000. Twenty people lose their jobs each month and remain unem...

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