do u know what unemployment is? unemployment rate is a measure of the prevalence
I do Have you ever been unemployed?
of their own work and how that compares to current wage rates plus the time and effort required to find a job. Causes and solutions for frictional unemployment often address job entry threshold and wage rates.
The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. During periods of recession, an economy usually experiences a relatively high unemployment rate. Millions of people globally or 6% of the world's workforce
measure the unemployment situation for the country. The unemployment rate is defined as the percentage of unemployed workers in the total labor market. If the workers are not currently working, they are considered unemployed, no matter the ability and willingness to do the job. This entire workforce is made up of all unemployed and employed population in the economy. Another important index is participation rate. Participation rate defined as the active labor force in an economy and is the labor force divided by the working age population. It shows the number of