Unemployment in the United Kingdom in 2019

How many people were unemployed in the United Kingdom in 2019?

a. 0.7 million
b. 1.7 million
c. 2.3 million
d. 6.5 million

Answer:

The approximate number of people unemployed in the United Kingdom in 2019 was approximately 2.3 million.

In 2019, the adult population in the United Kingdom was around 65 million. The labor force participation rate was 60 percent, while the unemployment rate was 6 percent. To calculate the approximate number of people unemployed, we can use the formula:

Unemployed = Labor Force * Unemployment Rate

Given the adult population and labor force participation rate, we can first calculate the labor force:

Labor Force = Adult Population * Labor Force Participation Rate

Labor Force = 65 million * 0.60

Labor Force = 39 million

Finally, we can calculate the approximate number of people unemployed:

Unemployed = Labor Force * Unemployment Rate

Unemployed = 39 million * 0.06

Unemployed ≈ 2.3 million

Therefore, the approximate number of people unemployed in the United Kingdom in 2019 was approximately 2.3 million.

← Exploring refugee studies understanding challenges and needs Lean production the revolution in manufacturing →

More Posts: