The unemployment rate is calculated as 100 times
A) [(labor force) ÷ (population)].
B) [(unemployment) ÷ (labor force)].
C) [(labor force) ÷ (unemployment)].
D) [(unemployment) ÷ (population)].

Question

Quizplus · Accepted Answer

The unemployment rate is the percentage of the labor force that is unemployed. Therefore, it is calculated by dividing the number of unemployed individuals by the total number of individuals in the labor force. This is represented by the formula [(unemployment) ÷ (labor force)] and is multiplied by 100 to express the result as a percentage.

The Unemployment Rate Is Calculated as 100 Times