The unemployment rate equals
A) labor force/population.
B) unemployed/employed.
C) (employed - unemployed)/labor force.
D) (labor force - employed)/labor force.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force and then multiplying by 100. The labor force consists of the employed and the unemployed. Therefore, the correct formula is (labor force - employed)/labor force, which simplifies to the number of unemployed divided by the labor force.

The Unemployment Rate Equals