Unemployment

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

In March 2001: Description pull in civilian race 211,171,000 (Excluding those under 16, members of the military, and persons in institutions) - Not in Labor for ce 69,304,000 (Retired, students, individuals choosing not to work) = Labor force 141,868,000 (Total existence minus those not in labor force) - Employed 135,780,000 (Individuals with jobs) = pink-slipped 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 arrive in a full essay, order it on our website: OrderEssay.net

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