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Answer :
The right formula to get the unemployment rate is the total number of unemployed divided by the total labor force, multiplied by 100.
What is the rate of unemployment?
A individual must be 16 years old and available to work full time in the previous four weeks in order to be deemed unemployed. During this time, the person should be actively seeking employment. When someone actively seeks job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of the economy is unemployment. The unemployment rate is the most often used indicator of unemployment.
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