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Question : The formula to find the unemployment rate is_____.

Option 1: (Unemployed male workers/Total labour force) × 1000

Option 2: (Unemployed workers/Total labour force) × 100

Option 3: (Employed workers/Total labour force) × 100

Option 4: ( Employed workers/Male labour force ) × 100


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: (Unemployed workers/Total labour force) × 100


Solution : The correct answer is (Unemployed workers/Total labour force) × 100 .

In this formula:

  • "Number of Unemployed" refers to the total number of people who are unemployed and actively seeking employment.
  • "Labor Force" is the total number of employed and unemployed individuals in the workforce.

The unemployment rate is expressed as a percentage, and it provides a measure of the proportion of the labour force that is unemployed.

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