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Unemployment Rate

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Unemployment Rate. The unemployment rate provides insights into the economy's spare capacity and unused resources. The Unemployment Rate calculator computes the percentage of the labor force which is unemployed based on the (NU) Number of Unemployed and (LF) Size of the Labor Force.

US jobs report shows slower hiring, lower unemployment ...
US jobs report shows slower hiring, lower unemployment … (Lydia Sutton)

What is the unemployment rate definition? Measuring unemployment within a country and comparing international rates is a very complicated affair. Experts agree: high unemployment rates threaten growth and social cohesion.

Experts agree: high unemployment rates threaten growth and social cohesion.

For that reason, the unemployment rate is a powerful confirmation of what the other indicators are already showing.

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The unemployment rate provides insights into the economy's spare capacity and unused resources. There are a few other nuances you should be aware of when calculating the unemployment rate of a population. An unemployment rate significantly higher than the natural rate of unemployment means that the economy is in recession.

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