Difference between revisions of "Unemployment rate"
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | 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. | :[[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== | ||
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.
