If the labor force of 155 million people is growing by 1.2 percent per year, how many new jobs have to be created each month to keep unemployment from increasing?

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Respuesta :

Answer:0.155 million jobs have to be created each month to keep unemployment from increasing.

Explanation:

Population of the labor force = 155 million

Percentage increase of labor force in an year = 1.2 % of 155 million

Percentage increase in labor force in a month = [tex]\frac{1.2 \%}{12}=0.1 \%[/tex] of 155 million

Jobs required to be created each month = population increase each month

[tex]=155 million\times \frac{0.1}{100}=0.155 million[/tex]

0.155 million jobs have to be created each month to keep unemployment from increasing.