The unemployment rate is interpreted as the percentage of the

Asked by admin @ 16/10/2021 in Business viewed by 292 People

The unemployment rate is interpreted as the percentage of the rev: 05_30_2018 Multiple Choice able-bodied population who are not working. adult population who are unemployed. labor force that are not employed. workforce that have been laid off.

Answered by admin @ 16/10/2021

Answer: Labor force that are not employed

Explanation:

The unemployment rate is simply the fraction of the labor force that are not gainfully employed. To calculate the unemployment rate, the formula used is the number of people who are unemployed divided by the labor force.

It should be noted that the labor force is gotten when the people that are unemployed and those that are employed are added together.

Therefore, the unemployment rate is interpreted as the percentage of the labor force that are not employed.

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