Accountants at Dunder Mifflin are concerned that a new accounting system will make their jobs obsolete. If they are right, accountants will be laid off and replaced by the new technology. This is known as structural unemployment, and it hurts in the short run. But, in the long run, as the accounting field shrinks due to new technology, other industries will grow. Out of necessity, many former accountants are likely to be retrained and find jobs in these growing fields.

Before new technology
Employed in accounting field: 3 million;
Employed in other fields: 100,000;
Unemployed: 10,000;

Short run after new technology
Employed in accounting field: 2.15 million;
Employed in other fields: 150,000;
Unemployed: 810,000;

Long run after new technology
Employed in accounting field: 2.15 million;
Employed in other fields: 850,000;
Unemployed: 110,000;

Calculate the unemployment rate for accountants before the new technology is introduced.