Economics Part B

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.

Unemployed-2

Understanding the Unemployment Ratio557Understanding the Unemployment Ratio