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

Question

Quizplus · Accepted Answer

The employment rate is defined as the percentage of the labor force that is currently employed. It is calculated by dividing the number of employed individuals by the total labor force, which includes both employed and unemployed individuals actively seeking work. Therefore, choice A (employed/labor force) is the correct formula for calculating the employment rate.

The Employment Rate Equals