Finance

Unemployment Rate Calculator

Find the unemployment rate.

Calculated Output

Unemployment rate (%) 3.75

Formula: rate = unemployed ÷ labor force × 100

Step-by-Step Breakdown

1. Values used:

2. Unemployed = 6,000,000

3. Labor force = 160,000,000

5. Unemployment rate = 3.75%

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The math behind it

unemployment rate = unemployed ÷ labor force × 100. The labor force = employed + unemployed (job seekers).

6M ÷ 160M → 3.75%.

Not in labor force?

Retirees, students and non-seekers aren't counted.