The unemployment rate equals:
A) labor force/population.
B) (labor force - employed)/labor force.
C) unemployed/employed.
D) (employed - unemployed)/labor force.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals in the labor force divided by the total number of individuals in the labor force. Therefore, the formula for the unemployment rate is (labor force - employed)/labor force.

The Unemployment Rate Equals