How do you calculate the unemployment rate?
The unemployment rate is calculated as follows:Unemployment\ Rate={Unemployed\ Workers}{Total\ Labour\ Force}*100%. ChaCha!
Answered
by Maureen F.
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Older Answers
The unemployment rate is the ratio of the unemployed to the total labor force.
Answered by Mary C. -
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About Unemployment Rate
The unemployment rate is a key measure of economic health. The number is a statistic that shows what percentage of the population is unemployed at any given time, based on the number of people who are actively looking for a job.
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