The unemployment rate refers to the number of people who want employment but cannot get jobs. This rate is typically expressed as a percentage of the labor force that is actively seeking work but is unable to find employment.
What is meant by the term unemployment rate?
(1 point)
• the speed at which people lose their jobs during a particular year
• the length of time it takes for unemployment to go down
O the number of people who want employment but cannot get jobs
• the number of jobs for which employers cannot find workers
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1 answer