Occupations
-What is the term for the number of people without jobs who are seeking employment divided by the total number of people who are working or seeking work?

Question

Quizplus · Accepted Answer

The unemployment rate is the number of people who are without jobs and seeking employment divided by the total number of people who are working or seeking work. This figure does not count those who are not seeking employment, such as the disabled, elderly or children. There are a wide variety of factors that go into estimating the unemployment rate, including population, number of people of working age, and number of people collecting unemployment funds.

Occupations -What Is the Term for the Number of People Without