The unemployment rate is
A) unemployed/population × 100.
B) (employed - unemployed)/labor force × 100.
C) (labor force - employed)/labor force × 100.
D) (employed - labor force)/employed × 100.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force (all employed and unemployed people) and then multiplying by 100. This is accurately represented in option C: (labor force - employed)/labor force × 100.

The Unemployment Rate Is