Unemployment Rate: 1962 Countries
| Countries | Unemployment Rate | Ch. | Ann. ch. | Month | |
|---|---|---|---|---|---|
| United States [+] | 5.5% | -0.20 | -0.50 | December 1962 | |
| Japan [+] | 1.3% | 0 | -0.10 | December 1962 | |
| < Unemployment Rate 1961Unemployment Rate 1963 > | |||||
Unemployment Rate: Youth unemployment
| Countries | Unemployment < 25 | Male unemployment < 25 | Female unemployment < 25 | Month | |||
|---|---|---|---|---|---|---|---|
| < Unemployment Rate 1961Unemployment Rate 1963 > | |||||||
Unemployment Rate: By sex
| Countries | Male unemployment | Female unemployment | Month | ||
|---|---|---|---|---|---|
| United States [+] | 5.1% | 6.2% | December 1962 | ||
| Japan [+] | 1.3% | 1.4% | December 1962 | ||
| < Unemployment Rate 1961Unemployment Rate 1963 > | |||||
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