Unemployment

unemployment Definition of Unemployment The unemployment rate is the percentage of the US labor act that is inert. It is calculated by dividing the number of vacant individuals by the heart and soul of the number of people unemployed and employed. An individual is counted as unemployed if they ar over the age of 16 and actively spectre for a job, but cannot find one. Students, who choose not to work, and retirees, argon not counted in the unemployment rate. In March 2001: Description get along civilian race 211,171,000 (Excluding those 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 race minus those not in labor force) - Employed 135,780,000 (Individuals with jobs) = disregard 6,088,000 (Individuals without a job and actively searc hing) Unemployment Rate = 6,088,000 135,780,000 + 6,088,000 = 4.3% The u...If you want to generate in a full essay, order it on our website: OrderCustomPaper.com

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