The unemployment rate is the:
A)ratio of unemployed in the total population to employed workers
B)number of employed workers minus the number of workers who are not in the labour force
C)percentage of the labour force that is out of work
D)percentage of the total population that is out of work
E)ratio of unemployed in the labour force to employed workers in the labour force

Question

Quizplus · Accepted Answer

The unemployment rate is defined as the percentage of the labour force that is out of work. It is calculated by dividing the number of unemployed individuals by the total labour force, which includes both employed and unemployed individuals who are actively seeking work. Therefore, option C is the correct answer.

The Unemployment Rate Is The