Unemployment

unemployment Definition of Unemployment The unemployment rate is the percentage of the US labor storm that is inert. It is calculated by dividing the number of jobless individuals by the encumbrance of the number of people unemployed and employed. An individual is counted as unemployed if they ar over the age of 16 and actively measure for a job, but cannot find one. Students, who choose not to work, and retirees, atomic number 18 not counted in the unemployment rate.

In March 2001: Description come civilian race 211,171,000 (Excluding tho se under 16, members of the military, and persons in institutions) - Not in Labor force 69,304,000 (Retired, students, individuals choosing not to work) = Labor force 141,868,000 (Total commonwealth minus those not in labor force) - Employed 135,780,000 (Individuals with jobs) = discharged 6,088,000 (Individuals without a job and actively searching) Unemployment Rate = 6,088,000 135,780,000 + 6,088,000 = 4.3% The u...If you want to endure in a full essay, order it on our website: OrderCustomPaper.com

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