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

Question

Quizplus · Accepted Answer

The employment rate is calculated by dividing the number of employed individuals by the labor force, which is option B: (labor force - unemployed)/labor force. This formula accurately represents the proportion of the labor force that is currently employed.

The Employment Rate Equals