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How is unemployment measured and how is the unemployment rate calculated?

User Ebdr
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Final answer:

Unemployment is measured by the labor force participation rate and the unemployment rate, which represent the percentage of people in the working-age population who are either employed or actively seeking employment, and the percentage of the labor force that is without a job but actively looking for one, respectively.

Step-by-step explanation:

Unemployment is measured by the labor force participation rate and the unemployment rate.

The labor force participation rate is the percentage of people in the working-age population who are either employed or actively seeking employment.

The unemployment rate, on the other hand, is the percentage of the labor force that is without a job but actively looking for one.

User SoloPilot
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