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

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force and then multiplying the result by 100. This is represented by the formula: [(unemployment) ÷ (labor force)] × 100.

The Unemployment Rate Is Calculated as