unemployment Definition of Unemployment The unemployment rate is the percentage of the US outwear squelch that is unemployed people. It is calculated by dividing the number of unemployed individuals by the meat of the number of people unemployed and employed. An individual is counted as unemployed if they ar over the age of 16 and actively looking at for a job, but cannot find one. Students, who postulate not to work, and retirees, are not counted in the unemployment rate.
In borderland 2001: Description tot civilian existence 211,171,000 (E xcluding those under 16, members of the military, and persons in institutions) - Not in wear force 69,304,000 (Retired, students, individuals choosing not to work) = Labor force 141,868,000 (Total population minus those not in labor force) - Employed 135,780,000 (Individuals with jobs) = idle 6,088,000 (Individuals without a job and actively searching) Unemployment step = 6,088,000 135,780,000 + 6,088,000 = 4.3% The u...If you want to contribute a full essay, order it on our website: OrderCustomPaper.com
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