unemployment rate

unemployment rate definition - business

unemployment rate

The proportion of unemployed persons in the labor force. Unemployed persons include individuals 16 years of age and over without work who were available for work and made an effort to locate employment during the period being measured.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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