How is the unemployment rate calculated
Divide the labor force by the number of unemployed persons
Divide the number of unemployed persons by the labor force
Multiply the labor force by the number of unemployed persons
Subtract the number of unemployed persons from the labor force
1 answer
The correct answer is: Divide the number of unemployed persons by the labor force. The resulting ratio is then multiplied by 100 to obtain the unemployment rate as a percentage.
2 answers