Unemployment Rate: 1973 Countries
| Countries | Unemployment Rate | Ch. | Ann. ch. | Month | |
|---|---|---|---|---|---|
| United States [+] | 4.9% | 0.10 | -0.30 | December 1973 | |
| United Kingdom [+] | 3.4% | 0 | -0.70 | December 1973 | |
| Japan [+] | 1.1% | -0.10 | -0.30 | December 1973 | |
| < Unemployment Rate 1972Unemployment Rate 1974 > | |||||
Unemployment Rate: Youth unemployment
| Countries | Unemployment < 25 | Male unemployment < 25 | Female unemployment < 25 | Month | |||
|---|---|---|---|---|---|---|---|
| Japan [+] | 1.9% | 2.0% | 1.5% | December 1973 | |||
| < Unemployment Rate 1972Unemployment Rate 1974 > | |||||||
Unemployment Rate: By sex
| Countries | Male unemployment | Female unemployment | Month | ||
|---|---|---|---|---|---|
| United States [+] | 4.2% | 6.1% | December 1973 | ||
| United Kingdom [+] | 2.7% | 4.7% | December 1973 | ||
| Japan [+] | 1.2% | 1.1% | December 1973 | ||
| < Unemployment Rate 1972Unemployment Rate 1974 > | |||||
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