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Question
What is meant by the term unemployment rate?

(1 point)
Responses

the speed at which people lose their jobs during a particular year

the speed at which people lose their jobs during a particular year

the length of time it takes for unemployment to go down

the length of time it takes for unemployment to go down

the number of people who want employment but cannot get jobs

the number of people who want employment but cannot get jobs

the number of jobs for which employers cannot find workers

the number of jobs for which employers cannot find workers

1 answer

Correct response:

the number of people who want employment but cannot get jobs

The unemployment rate is the percentage of the labor force that is actively seeking employment but is currently unable to find a job. It is a measure of the health of the economy and the availability of job opportunities.