The unemployment rate is the number of unemployed people, expressed as
A)a ratio of total employed to the population.
B)a ratio of unemployed to the total employed.
C)a percentage of the labor force.
D)a percentage of the population.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as a percentage of the labor force, which includes individuals who are able and willing to work and are actively seeking employment but cannot find a job. It is calculated by dividing the number of unemployed individuals by the total labor force and multiplying by 100. This percentage reflects the portion of the labor force that is currently unemployed.

The Unemployment Rate Is the Number of Unemployed People, Expressed