The unemployment rate is 18%
First step is to calculate the unemployed using this formula
Let plug in the formula
Unemployed = Labor force - Employed
Let plug in the formula
Unemployed= 50 million - 41 million
Unemployed=9 million
Now let determine the Unemployment rate
Using this formula
Unemployment rate = Unemployed / Labor force × 100
Let plug in the formula
Unemployment rate =9 million / 50 million×100
Unemployment rate=18%
Inconclusion The unemployment rate is 18%.
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