Understanding the Unemployment Ratio

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Understanding the Unemployment Ratio

Understanding the Unemployment Ratio

Important Ratios (Displayed as Percentages)

 

  1. Unemployment Rate – the unemployment rate represents the percentage of all unemployed residents belonging to the labor force that are seeking work.

  2.  The Rate of Participation in the Labor Force – this ratio measures the proportion of adults belonging to the labor force.

  3. The proportion of minors among the total population.

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