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Unemployment Rate |
Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Unemployment Rate The percentage of the total labor force that is unemployed but actively seeking employment and willing to work. Notes: From 1948 to 2004, the monthly U.S. unemployment rate has ranged between about 2.5% to 10.8%, averaging approximately 5.6%. The unemployment rate is considered a lagging indicator, confirming but not foreshadowing long-term market trends. Unemployment rate The percentage of the people classified as unemployed as compared to the total labor force. |
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