What is Unemployment Rate

1.

Percentage of the total workforce who are unemployed and looking actively for a paid job. Learn more in: Entrepreneurial Quality and Economic Crisis in the Eurozone Countries Driven by Innovation

2.

The share of the labor force that is jobless, expressed as a percentage. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions, rather than anticipating them. When the economy is in poor shape and jobs are scarce, the unemployment rate can be expected to rise. When the economy is growing at a healthy rate and jobs are relatively plentiful, it can be expected to fall. Learn more in: The Impact of Macroeconomic Indicators on Unemployment Rate: Western Balkan Countries

3.

Unemployment rate is the number of unemployed people as a percentage of the labor force, where the latter consists of the unemployed plus those in paid or self-employment. Learn more in: Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis

4.

It is the ratio of people who do not have a job. Learn more in: Conflict Risk and Defense Expenses and Their Impact on the Economic Growth

5.

It is calculated as the ratio of unemployed people to the labor force. The important point in this situation is that people who are searching job are only included in the labor force. Learn more in: Evaluating the Role of Research and Development and Technology Investments on Economic Development of E7 Countries