The unemployment rate is computed as the number of unemployed
A)divided by the labor force times 100.
B)divided by the number of people employed times 100.
C)divided by the adult population times 100.
D)times the participation rate times 100.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force (which is the sum of employed and unemployed individuals) and multiplying the result by 100 to express it as a percentage.

The Unemployment Rate Is Computed as the Number of Unemployed