[{"data":1,"prerenderedAt":272},["ShallowReactive",2],{"term:unemployment-rate":3},{"term":4,"related":259},{"id":5,"title":6,"body":7,"category":241,"description":242,"extension":243,"faq":244,"meta":245,"navigation":246,"path":247,"related":248,"seo":252,"stem":253,"takeaways":254,"__hash__":258},"terms\u002Fterms\u002Funemployment-rate.md","Unemployment Rate",{"type":8,"value":9,"toc":234},"minimark",[10,15,19,22,26,227,231],[11,12,14],"h2",{"id":13},"understanding-unemployment-rate","Understanding Unemployment Rate",[16,17,18],"p",{},"To be counted as unemployed, a person must have no job, be available to work, and have looked for work in the past four weeks. People who are not looking, such as retirees or students, are outside the labor force.",[16,20,21],{},"Because people who give up looking are no longer counted, the rate can fall even when the job market weakens, so economists also watch participation and broader measures like U-6.",[11,23,25],{"id":24},"formula","Formula",[27,28,31],"span",{"className":29},[30],"katex-display",[27,32,35,79],{"className":33},[34],"katex",[27,36,39],{"className":37},[38],"katex-mathml",[40,41,44],"math",{"xmlns":42,"display":43},"http:\u002F\u002Fwww.w3.org\u002F1998\u002FMath\u002FMathML","block",[45,46,47,74],"semantics",{},[48,49,50,54,58,67,70],"mrow",{},[51,52,53],"mtext",{},"Unemployment rate",[55,56,57],"mo",{},"=",[59,60,61,64],"mfrac",{},[51,62,63],{},"Unemployed",[51,65,66],{},"Labor force",[55,68,69],{},"×",[71,72,73],"mn",{},"100",[75,76,78],"annotation",{"encoding":77},"application\u002Fx-tex","\\text{Unemployment rate} = \\frac{\\text{Unemployed}}{\\text{Labor force}} \\times 100",[27,80,84,113,217],{"className":81,"ariaHidden":83},[82],"katex-html","true",[27,85,88,93,101,106,110],{"className":86},[87],"base",[27,89],{"className":90,"style":92},[91],"strut","height:0.8889em;vertical-align:-0.1944em;",[27,94,98],{"className":95},[96,97],"mord","text",[27,99,53],{"className":100},[96],[27,102],{"className":103,"style":105},[104],"mspace","margin-right:0.2778em;",[27,107,57],{"className":108},[109],"mrel",[27,111],{"className":112,"style":105},[104],[27,114,116,120,206,210,214],{"className":115},[87],[27,117],{"className":118,"style":119},[91],"height:2.0574em;vertical-align:-0.686em;",[27,121,123,128,202],{"className":122},[96],[27,124],{"className":125},[126,127],"mopen","nulldelimiter",[27,129,131],{"className":130},[59],[27,132,136,193],{"className":133},[134,135],"vlist-t","vlist-t2",[27,137,140,188],{"className":138},[139],"vlist-r",[27,141,145,162,173],{"className":142,"style":144},[143],"vlist","height:1.3714em;",[27,146,148,153],{"style":147},"top:-2.314em;",[27,149],{"className":150,"style":152},[151],"pstrut","height:3em;",[27,154,156],{"className":155},[96],[27,157,159],{"className":158},[96,97],[27,160,66],{"className":161},[96],[27,163,165,168],{"style":164},"top:-3.23em;",[27,166],{"className":167,"style":152},[151],[27,169],{"className":170,"style":172},[171],"frac-line","border-bottom-width:0.04em;",[27,174,176,179],{"style":175},"top:-3.677em;",[27,177],{"className":178,"style":152},[151],[27,180,182],{"className":181},[96],[27,183,185],{"className":184},[96,97],[27,186,63],{"className":187},[96],[27,189,192],{"className":190},[191],"vlist-s","​",[27,194,196],{"className":195},[139],[27,197,200],{"className":198,"style":199},[143],"height:0.686em;",[27,201],{},[27,203],{"className":204},[205,127],"mclose",[27,207],{"className":208,"style":209},[104],"margin-right:0.2222em;",[27,211,69],{"className":212},[213],"mbin",[27,215],{"className":216,"style":209},[104],[27,218,220,224],{"className":219},[87],[27,221],{"className":222,"style":223},[91],"height:0.6444em;",[27,225,73],{"className":226},[96],[11,228,230],{"id":229},"example","Example",[16,232,233],{},"With 6.4 million unemployed in a labor force of 160 million, the unemployment rate is 4%.",{"title":235,"searchDepth":236,"depth":236,"links":237},"",2,[238,239,240],{"id":13,"depth":236,"text":14},{"id":24,"depth":236,"text":25},{"id":229,"depth":236,"text":230},"economy","The share of the labor force that is jobless but available and actively looking for work.","md",[],{},true,"\u002Fterms\u002Funemployment-rate",[249,250,251],"recession","gdp","stagflation",{"title":6,"description":242},"terms\u002Funemployment-rate",[255,256,257],"The unemployment rate is the unemployed divided by the labor force.","You must be actively looking to count as unemployed.","Broader measures add discouraged and involuntary part-time workers.","DunFdXjXVgr1qHWYLwAOpDgzvXPBixMt4BjC4NNP14Q",[260,264,268],{"title":261,"description":262,"path":263},"Gross Domestic Product (GDP)","The total value of goods and services produced in a country over a period.","\u002Fterms\u002Fgdp",{"title":265,"description":266,"path":267},"Recession","A significant, widespread decline in economic activity lasting more than a few months.","\u002Fterms\u002Frecession",{"title":269,"description":270,"path":271},"Stagflation","High inflation combined with slow growth and high unemployment.","\u002Fterms\u002Fstagflation",1793374006149]