We define the Unemployment rate as the number of civilians at least 16 years old who are unemployed and tried to find a job within the prior four weeks.
The proportion of unemployed people in the labor force is known as the unemployment rate. As a result, figuring out who is employed is necessary for calculating the unemployment rate.
Voluntary and involuntary unemployment fall into the two broadest groups.
having actively sought employment at some point over the previous four weeks, being available to start a job within the next two weeks, not having a job during a given week, or have already found a position that starts within the next three months.
Learn more about the unemployment rate:
brainly.com/question/3475418
#SPJ4
