October 2020 on Sandy Island, 20,000 were employed, , 1,000 were unemployed, and 3,000 were not in the labor force. Calculate the unemployment rate and the employment-population ratio. >>>Answer to 1 decimal place. The unemployment rate is ___ percent.

Macroeconomics
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ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment
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In October 2020 on Sandy Island, 20,000 were employed, , 1,000 were unemployed, and 3,000 were not in the labor force. Calculate the unemployment rate and the employment-population ratio. >>>Answer to 1 decimal place.
The unemployment rate is ___ percent.
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