Convert the Decimal to a Fraction and Reduce to Lowest

question 36

Essay

Convert the decimal to a fraction and reduce to lowest terms: 16.013

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Definitions:

Underemployed

Referring to individuals working in jobs that do not utilize their skills and educational background or working fewer hours than desired.

Unemployed Category

A classification for individuals who are capable of working and are actively seeking employment but are not currently employed.

Not in the Labor Force

Individuals who are neither employed nor actively looking for work, excluding them from the labor force statistics.

Labor-force Participation Rate

The proportion of the working-age population that is either employed or actively looking for work.