unemployment rate

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unemployment rate

The unemployment rate is shown on a chart in the economics textbook.

Definition

Noun: - The percentage of the work force that is unemployed at any given date: A key economic indicator that measures the proportion of the total labor force (people who are able and willing to work) that is actively seeking employment but is currently without a job. It is typically expressed as a percentage.

Usage

The term "unemployment rate" is used to discuss economic health, labor market conditions, and social policy. It is a standard metric reported by government statistical agencies. - It is often modified by adjectives describing its level (e.g., high, low, rising, falling) or its type (e.g., structural unemployment rate, youth unemployment rate). - It is commonly used with verbs like rise, fall, calculate, report, and affect.

Examples
  • The national unemployment rate fell to 4.2% last quarter.
  • Economists are concerned about the rising unemployment rate.
  • The government publishes the unemployment rate on a monthly basis.
  • A high unemployment rate can lead to decreased consumer spending.
Advanced Usage
  • "Seasonally adjusted unemployment rate": A rate that has been modified to account for predictable seasonal fluctuations in employment (e.g., holiday hiring, summer jobs) to reveal underlying trends.
  • "Underlying unemployment rate": Refers to the core or long-term rate, often excluding short-term volatility.
Variants and Related Words
  • Unemployment (n): The state of being without a paid job but available to work. (e.g., )
  • Employment rate (n): The percentage of the working-age population that is employed. This is a related but distinct metric.
  • Jobless rate (n): An informal synonym for "unemployment rate."
Synonyms
  • Jobless rate
Related Phrases
  • To track the unemployment rate: To monitor its changes over time.
    • Analysts closely track the unemployment rate for signs of economic recovery.
  • A spike in the unemployment rate: A sudden, sharp increase.
    • The economic crisis caused a sharp spike in the unemployment rate.
unemployment rate

The unemployment rate is shown on a chart in the economics textbook.

Noun
  1. the percentage of the work force that is unemployed at any given date