Unemployment

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

In March 2001: Description infer civilian race 211,171,000 (Excluding those under 16, memb ers 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 world minus those not in labor force) - Employed 135,780,000 (Individuals with jobs) = brush off 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 lam in a full essay, order it on our website: OrderCustomPaper.com

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