asked 46.2k views
4 votes
What does the unemployment rate represent?

1 Answer

3 votes

Answer:

The unemployment rate represents the percentage of unemployed workers in the labor force.

Step-by-step explanation:

The unemployment rate is the number of unemployed people in the total labor force and it is expressed as a percentage. Someone is considered to be unemployed if he/she is not working but is able to do it and wants to do it and the labor force includes all the people employed and unemployed.

answered
User Chrm
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.