Unemployment Rate: 1977 Countries
| Countries | Unemployment Rate | Ch. | Ann. ch. | Month | |
|---|---|---|---|---|---|
| United States [+] | 6.4% | -0.40 | -1.40 | December 1977 | |
| United Kingdom [+] | 5.7% | 0 | 0.20 | December 1977 | |
| Japan [+] | 2.1% | 0.10 | 0.30 | December 1977 | |
| Canada [+] | 8.5% | 0 | 1.00 | December 1977 | |
| < Unemployment Rate 1976Unemployment Rate 1978 > | |||||
Unemployment Rate: Youth unemployment
| Countries | Unemployment < 25 | Male unemployment < 25 | Female unemployment < 25 | Month | |||
|---|---|---|---|---|---|---|---|
| Japan [+] | 3.9% | 4.8% | 2.9% | December 1977 | |||
| Canada [+] | 14.2% | 15.4% | 12.6% | December 1977 | |||
| < Unemployment Rate 1976Unemployment Rate 1978 > | |||||||
Unemployment Rate: By sex
| Countries | Male unemployment | Female unemployment | Month | ||
|---|---|---|---|---|---|
| United States [+] | 5.5% | 7.5% | December 1977 | ||
| United Kingdom [+] | 5.3% | 6.3% | December 1977 | ||
| Japan [+] | 2.2% | 2.0% | December 1977 | ||
| Canada [+] | 7.8% | 9.5% | December 1977 | ||
| < Unemployment Rate 1976Unemployment Rate 1978 > | |||||
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