The unemployment rate is the number of unemployed divided by the working-age population.

Name: The unemployment rate is the number of unemployed divided by the working-age population.
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The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force (not the working-age population), and then multiplying by 100 to get a percentage. The labor force includes those who are employed and those who are unemployed but seeking work.

The Unemployment Rate Is the Number of Unemployed Divided by the Working-Age