The unemployment rate is defined as
A)100 minus the employment rate.
B)the number of unemployed people divided by the number of people in the country.
C)the number of unemployed people divided by the number of employed people.
D)the number of unemployed people divided by the working- age population.
E)the number of unemployed people divided by the sum of the people employed and the people unemployed.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed people by the sum of the people employed and the people unemployed, then multiplying by 100 to get a percentage. This measures the proportion of the labor force that is not currently employed but is actively seeking employment.

The Unemployment Rate Is Defined as