Unemployment Rate: 1950 Countries
Countries | Unemployment Rate | Ch. | Ann. ch. | Month | |
---|---|---|---|---|---|
United States [+] | 4.3% | 0.10 | -2.30 | December 1950 | |
< Unemployment Rate 1949Unemployment Rate 1951 > |
Unemployment Rate: Youth unemployment
Countries | Unemployment < 25 | Male unemployment < 25 | Female unemployment < 25 | Month | |||
---|---|---|---|---|---|---|---|
< Unemployment Rate 1949Unemployment Rate 1951 > |
Unemployment Rate: By sex
Countries | Male unemployment | Female unemployment | Month | ||
---|---|---|---|---|---|
United States [+] | 3.8% | 5.2% | December 1950 | ||
< Unemployment Rate 1949Unemployment Rate 1951 > |
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