the labor force

During the course of a​ year, the labor force consists of the same 856 people. Of​ these, 24 lack skills that employers desire and hence remain unemployed throughout the year. At the same​ time, every month during the​ year, 38 different people become​ unemployed, and 38 other different people who were unemployed find jobs. There is no cyclical unemployment.

a. Calculate the frictional unemployment. ________%

​(Enter your response as a percentage rounded to two decimal​ places).

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