Logo

CountriesDateUnemployment Rate
United States [+]May 20183.8%
Euro zone [+]April 20188.5%
United Kingdom [+]April 20184.2%
Germany [+]April 20183.4%
France [+]April 20189.2%
Japan [+]April 20182.5%

Unemployment (or joblessness) occurs when people are without jobs and they have actively sought work. Therefore, the unemployed in a country are those with age, ability and desire to work (labor force) but do not have a job.

The number of unemployed in a country usually was expressed in terms of the labor force, and it is called unemployment rate. The unemployment rate is a percentage and it is calculated by dividing the number of unemployed people by all individuals currently in the labor force.

Unemployment rate = Total Unemployed / Labor force