Assuming the total population is 100 million, the civilian labor force is 50 million, and 43 million workers are employed, the unemployment rate is Multiple Choice   14 percent.   7 percent.   57 percent.   3 percent

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.