Question

The unemployment rate is the: percentage of the total population that is unemployed. number of employed workers minus the number of workers who are not in the labor force. percentage of the labor force that is unemployed. ratio of unemployed to employed workers.

Answer 1

Answer:

number of employed workers minus the number of workers who are not in the labor force.

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,

Number of unemployed workers = number of employed workers minus the number of workers who are not in the labor force

And, The labor force would include those persons who are employed plus who are searching for work

It should always be expressed in a percentage form.

Answer 2

Percentage of the labor force that is unemployed. It is the share of the workforce that is jobless. People outside of the labor force do not count.

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