Answer:
Unemployment rate in the town is [tex]12.5[/tex] %
Explanation:
rate of unemployed can be determined by using the below given relation
unemployment rate [tex]= \frac{U}{E+U} \\[/tex]
where E signifies employed people and U signifies unemployed people.
Unemployed people number is equal to
[tex]100 - 10 + 10 + 60 + 3 + 3+ 4+ 1\\= 9[/tex]
Total number of employed people is equal to
[tex]60 + 3\\= 63[/tex]
Substituting the given values in above equation, we get -
[tex]\frac{9}{9 + 63} * 100\\= \frac{9}{72} * 100\\= \frac{1}{8} * 100\\= 12.5[/tex]
Unemployment rate in the town is [tex]12.5[/tex] %
