The unemployment rate is:
A)the number of workers in the labour force unemployed divided by the number of workers employed.
B)the number of workers employed divide by the number of workers in the labour force unemployed.
C)the number of workers in the labour force unemployed divided by the labour force.
D)the labour force divided by the number of workers in the labour force unemployed.

Question

Quizplus · Accepted Answer

The unemployment rate measures the percentage of the labour force that is unemployed. Therefore, it is calculated as the number of workers in the labour force who are unemployed divided by the total labour force (which includes both employed and unemployed workers). Option C is the only one that correctly represents this calculation.

The Unemployment Rate Is