Suppose There Are 630,700 Residents in a Certain Metropolitan Area

Essay

Suppose there are 630,700 residents in a certain metropolitan area. Of these 630,700 people, 214,400 of them are under 16 years of age, and 38,500 are institutionalized adults. Of the remaining 377,800 residents, 47,900 have given up searching for a job, 15,800 are unemployed and actively seeking work, and 62,820 work part-time. The rest work full time.
A) Calculate the unemployment rate for this metropolitan area. Round the percentage to one decimal place.
B) If this economy is similar to that of the United States, is this unemployment rate a cause for concern? Support your answer.