unemployment rate

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Unemployment rate

The percentage of the people classified as unemployed as compared to the total labor force.

Unemployment Rate

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.

unemployment rate

the number of unemployed persons expressed as a percentage of the total LABOUR FORCE. See UNEMPLOYMENT.

unemployment rate

the number of unemployed workers expressed as a percentage of a country's LABOUR FORCE. In the UK the unemployment rate is calculated using two measures of the number of people employed: CLAIMANT COUNT UNEMPLOYMENT, which is based on the number of people registering as unemployed at JOB CENTRES, and INTERNATIONAL LABOUR OFFICE (ILO) UNEMPLOYMENT, which is based on the LABOUR FORCE SURVEY in which people interviewed state whether they are employed or unemployed. (See UNEMPLOYMENT for further details.) Unemployment rates can be used to measure changing job opportunities over time and between countries. They also provide a summary measure of the degree of under-employment of FACTORS OF PRODUCTION, that is, the extent to which a country's ACTUAL GROSS NATIONAL PRODUCT falls short of POTENTIAL GROSS NATIONAL PRODUCT, resulting in a DEFLATIONARY GAP. See ACTIVITY RATE, DISGUISED UNEMPLOYMENT, FULL EMPLOYMENT, VACANCY RATE.
References in periodicals archive ?
Certainly, their cyclical sensitivity is more apparent in their unemployment rates than in their employment levels.
The responses of the unemployment rates to output shocks were virtually identica l to those reported in the text.
In addition, because whites make up about 85 percent of the total labor force, movements in the white and overall unemployment rates tend to mirror each other.
They argue that our low unemployment rate precludes a real restructuring and transformation in this country.
The insured unemployment rate includes only those people receiving benefits.
Unemployment rates in the District came down relative to the national unemployment rate during the 1980s, despite overall job growth that was slower than the national average, because the District's labor force generally grew more slowly than that in the nation.
At the same time, the EU statistics agency, Eurostat, revised upwards last month's unemployment rate 0.
Tennessee, Louisiana and North Dakota were the only states to experience a rise in unemployment rates in April.
For the second month in a row, Jonesboro's unemployment rate fell more than any area in the nation.
The unemployment rate is a survey of whether people are working or looking for jobs.
In the mid-1970's, higher-than-average unemployment rates were basically a bicoastal phenomenon.
Since the beginning of this decade, the city's unemployment rates have risen to above-average levels.

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