unemployment rate

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Unemployment rate

The percentage of the people classified as unemployed as compared to the total labor force.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

unemployment rate

the number of unemployed persons expressed as a percentage of the total LABOUR FORCE. See UNEMPLOYMENT.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
In Chicago, the unemployment rate is 7.4 percent, according to the state's latest figures.
The following section is a brief re-examination of the South Australian labour force during the 1990s using the real unemployment rate, which adds an estimate of hidden unemployment to the unemployment rate.
In June 2019, the youth unemployment rate was 14.1% in the EU28 and 15.4% in the euro area, compared with 15.2% and 17.0% respectively in June 2018.
Nassau's all-time low unemployment rate was 2.4 percent in Dec.
The unemployment rate among young people (under 30 years of age) made 15.1%.
Outside Europe, the unemployment rate fell for the third consecutive month in Canada (by 0.2 percentage point to 5.6 per cent) and Korea (by 0.1 percentage point to 3.8 per cent).
Unemployment rate falls during 2018: The unemployment rate for Madison County continued to drop in 2018 from 3.9 percent in 2017 to 3.3 percent as of September 2018 (as indicated previously in Table 1).
Pan Ning-hsin, a senior official with DGBAS told CNA that from June to August each year, the unemployment rate tends to increase as university graduates look for work, and then the unemployment rate decreases as these graduates find employment.
In July 2017, the unemployment rate on the island was 10.7 per cent.
The number of jobseekers immediately able to take up a job was 158,444, an increase of 4,631 individuals m-o-m and a decrease of 70,221 y-o-y, said Labour, Social Affairs and the Family Centre (aSPSVaR) head, Marian Valentovi, as quoted by the TASR newswire.The unemployment rate calculated from the total number of jobseekers amounted to 6.
In Grant County, the average annual unemployment rate edged upward one-tenth of a percentage point between 2015 and 2016, from 7.3 to 7.4 percent.
The new data show Chahar Mahal va Bakhtiari Province with the highest unemployment rate of 18.3%.

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