How is the unemployment rate computed?
A) as the number of unemployed divided by the labour force times 100
B) as the number of unemployed divided by the number of people employed times 100
C) as the number of unemployed divided by the adult population times 100
D) as the number of unemployed times the participation rate times 100

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by taking the number of individuals who are unemployed and dividing that by the total labour force, which includes both the employed and unemployed individuals who are actively seeking employment. This result is then multiplied by 100 to express the unemployment rate as a percentage.

How Is the Unemployment Rate Computed