Unemployment Rate Formula: How To Calculate? Relevance & Uses

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The unemployment rate's relevance lies in its role as a lagging indicator, reflecting past economic changes.

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The formula to calculate the unemployment rate is: Unemployment Rate = (Number of unemployed people / Labor Force) x 100.

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Unemployment Rate Formula: How To Calculate? Relevance & Uses

The unemployment rate's relevance lies in its role as a lagging indicator, reflecting past economic changes.

The unemployment rate's relevance lies in its role as a lagging indicator, reflecting past economic changes.

The formula to calculate the unemployment rate is: Unemployment Rate = (Number of unemployed people / Labor Force) x 100.

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