How is the UR calculated?

Economic Development Indices Questions



80 Short 80 Medium 36 Long Answer Questions Question Index

How is the UR calculated?

The UR (Unemployment Rate) is calculated by dividing the number of unemployed individuals by the total labor force and multiplying the result by 100. The formula for calculating the UR is as follows:

UR = (Number of Unemployed / Total Labor Force) x 100