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Exercises 77 refer to the following setting. In the language of government statistics, you are "in the labor force" if you are available for work and either working or actively seeking work. The unemployment rate is the proportion of the labor force (not of the entire population) that is unemployed. Here are estimates from the Current Population Survey for the civilian population aged 25 years and over in a recent year. The table entries are counts in thousands of people.

Unemployment (1.1) Find the unemployment rate for people with each level of education. Is there an association between unemployment rate and education? Explain your answer.

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Explanation for correct option

The number of persons who are unemployed is equal to the number of individuals who are employed.

the unemployment rate is

It has been found that the unemployment rate varies depending on the highest level of education. As a result, there appears to be a link between unemployment and schooling.

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