unemployment rate

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Related to unemployment rate: inflation rate, Unemployment benefits

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 ?
However, as with females, the black unemployment rate is affected much more than the white unemployment rate in terms of magnitude, especially at periods several months removed from the shock.
Between 2008 and 2012 the average unemployment rate in our country amounted to 6.
9%) registered single-digit unemployment rates in the second quarter of the current Iranian year (June 22-Sept.
As for individual regions, all eight Slovak regions recorded reductions in their unemployment rates in November, with the Banska Bystrica Region seeing the most significant drop.
The unemployment rate recorded in Greater Tunis (Tunis, Ben Arous, Ariana and Manouba) reached 17% with 191.
This Republican surge is far beyond what might have been predicted given historical trends in times of only modest improvements in the unemployment rate -- but the election of Trump is clearly a significant driver.
The lowest unemployment rate was registered in the Czech Republic (4.
Then in 1995-2002, the unemployment rate rose rapidly, by one percentage point per year, as SOEs shed massive numbers of workers and rural migrants flooded the cities in search of jobs.
Arkansas' unemployment rate has been consistently higher than the U.
Batken and Jalal-Abad regions have the official unemployment rate higher than the country average level - 3.
4 percentage points higher than the unemployment rate for high school graduates over the age of 25, whose unemployment rate is 7.
The Cyprus seasonally-adjusted unemployment rate reached 14.

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