The unemployment rate equals the number of unemployed divided by the ________, all times 100.
A)number of employed
B)labour force
C)working-age population
D)total population
E)discouraged workers

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed people by the labor force, which consists of both the employed and unemployed individuals who are actively seeking work. The result is then multiplied by 100 to express the percentage. Therefore, the correct choice is (B) labor force.

The Unemployment Rate Equals the Number of Unemployed Divided by the ________