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Question
question 5
the unemployment rate is the
percentage of the total population that is unemployed.
ratio of unemployed to employed workers.
number of employed workers minus the number of workers who are not in the labor force.
percentage of the labor force that is unemployed.
The unemployment rate is calculated as the percentage of the labor force (those actively seeking work or already employed) that is unemployed. The total population includes those not in the labor force (e.g., retirees, full - time students). The ratio of unemployed to employed workers does not account for the size of the labor force. The number of employed workers minus those not in the labor force is an incorrect calculation.
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percentage of the labor force that is unemployed.