If unemployment is 5.8% and 23,200 are unemployed, how many are employed?

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2 Answers

5.8% * (1/100%) = 0.058

23,200 * 0.058 ≈ 1,346
by Level 1 User (140 points)
really, it should be 23,200 / 0.058.

if unemployment is 5.8% then 94.2% are employed, so the number of employed should be greater than the number of unemployed.

= 40,000
by Level 2 User (1.0k points)

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