unemployment rate(redirected from Unemployment Rates)
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The percentage of the people classified as unemployed as compared to the total labor force.
The percentage of a population's workforce not working but willing to work and actively seeking a job. A high unemployment rate is considered a negative sign both economically and socially. However, the unemployment rate is a lagging indicator: it rises and falls in response to a macroeconomic change rather than in anticipation of one. This may be because employers do not hire employees unless they are confident that they will be able to afford to retain them.