What is the unemployment rate in the community?

If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000, what is the unemployment rate in the community?

A. 0.4%
B. 40.0%
C. 10.0%
D. 4.0%

Correct Answer:

Option B – 40.0%