If the Number of Unemployed Workers Is 2 Million and the Number

question 79

Multiple Choice

If the number of unemployed workers is 2 million and the number in the labour force is 28 million, what is the unemployment rate?

• A)0.7%
• B)4%
• C)7%
• D)9%
• E)40%

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Definitions:

SUTA

State Unemployment Tax Act; a type of payroll tax that employers must contribute to state unemployment funds.

Fair Labor Standards Act

A U.S. law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.

Federal Wage and Hour Law

U.S. legislation that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

Double Pay

Double pay refers to the practice of paying an employee twice their normal wage rate, typically for working on holidays, overtime, or under special conditions.