Difference between revisions of "Unemployment rate"
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[[Unemployment rate]] is the share of the [[worker]]s who are [[unemployment|unemployed]], which is usually expressed as a percentage. | [[Unemployment rate]] is the share of the [[worker]]s who are [[unemployment|unemployed]], which is usually expressed as a percentage. | ||
| + | ==Definitions== | ||
| + | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| + | :[[Unemployment rate]]. The percentage of adults who are in the labor force and thus seeking jobs, but who do not have jobs. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Unemployment rate]]. The percentage of those in the labor force who do not have jobs. | ||
==See also== | ==See also== | ||
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:*[[Job Market Trends]]. | :*[[Job Market Trends]]. | ||
| − | [[Category: CNM Cyber Orientation]][[Category: Articles]] | + | [[Category: Economics]][[Category: CNM Cyber Orientation]][[Category: Articles]] |
Latest revision as of 19:40, 2 July 2020
Unemployment rate is the share of the workers who are unemployed, which is usually expressed as a percentage.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Unemployment rate. The percentage of adults who are in the labor force and thus seeking jobs, but who do not have jobs.
According to Macroeconomics by Mankiw (7th edition),
- Unemployment rate. The percentage of those in the labor force who do not have jobs.
