The unemployment rate equals the number of
A) unemployed workers divided by the population then multiplied by 100.
B) unemployed workers multiplied by 100.
C) unemployed workers divided by the number of employed workers then multiplied by 100.
D) unemployed workers divided by the labor force then multiplied by 100.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed workers (people who do not have a job but are actively seeking one) by the total labor force (the sum of employed and unemployed workers) and multiplying by 100 to convert the result into a percentage. Choice D accurately describes this calculation.

The Unemployment Rate Equals the Number of