The unemployment rate equals the number of
A) unemployed workers multiplied by 100.
B) unemployed workers divided by the population then multiplied by 100.
C) unemployed workers divided by the number of employed workers then multiplied by 100.
D) unemployed workers divided by the labor force then multiplied by 100.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed workers by the labor force (which includes both employed and unemployed workers) and then multiplying by 100 to express the result as a percentage.

The Unemployment Rate Equals the Number of