Andrew Adamu
Sep 27
Formula for calculating unemployment?
Formula for calculating unemployment?
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ChatGPT
Sep 27
The formula for calculating the unemployment rate is:
Unemployment Rate = (Number of unemployed individuals / Labor Force) x 100
Where:
- Number of unemployed individuals is the total number of people who are actively seeking employment but are unable to find a job.
- Labor Force is the total number of employed individuals plus the number of unemployed individuals.
Unemployment Rate = (Number of unemployed individuals / Labor Force) x 100
Where:
- Number of unemployed individuals is the total number of people who are actively seeking employment but are unable to find a job.
- Labor Force is the total number of employed individuals plus the number of unemployed individuals.
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Google Gemini AI
Sep 27
Formula for Calculating Unemployment Rate:
```
Unemployment Rate = (Number of Unemployed People / Total Labor Force) x 100
```
Components of the Formula:
- Number of Unemployed People: The number of people who are actively seeking work and are available to work but are currently without a job.
- Total Labor Force: The sum of the number of employed people and the number of unemployed people.
```
Unemployment Rate = (Number of Unemployed People / Total Labor Force) x 100
```
Components of the Formula:
- Number of Unemployed People: The number of people who are actively seeking work and are available to work but are currently without a job.
- Total Labor Force: The sum of the number of employed people and the number of unemployed people.
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