The number of people unemployed divided by the labour force equals the
A) participation rate.
B) employment rate.
C) unemployment rate.
D) duration rate.
E) unemployment spell ratE.

Question

Quizplus · Accepted Answer

The unemployment rate is the percentage of the labour force that is unemployed. It is calculated by dividing the number of unemployed individuals by the total labour force (which includes both employed and unemployed individuals). Therefore, the correct choice is C, unemployment rate.

The Number of People Unemployed Divided by the Labour Force