Unemployment Rate: 1948 Countries
Countries | Unemployment Rate | Ch. | Ann. ch. | Month | |
---|---|---|---|---|---|
United States [+] | 4.0% | 0.20 | December 1948 | ||
Unemployment Rate 1949 > |
Unemployment Rate: Youth unemployment
Countries | Unemployment < 25 | Male unemployment < 25 | Female unemployment < 25 | Month | |||
---|---|---|---|---|---|---|---|
Unemployment Rate 1949 > |
Unemployment Rate: By sex
Countries | Male unemployment | Female unemployment | Month | ||
---|---|---|---|---|---|
United States [+] | 3.9% | 4.2% | December 1948 | ||
Unemployment Rate 1949 > |
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