Question

What is meant by the term unemployment rate?
GPT 3.5
The unemployment rate is a measure of the percentage of the labor force that is currently unemployed and actively seeking work. It is calculated by dividing the number of unemployed individuals by the total labor force (which includes both employed and unemployed individuals) and multiplying by 100. The unemployment rate is an important economic indicator that can provide insight into the health of the economy and the availability of job opportunities.