unemployment rate

Related Terms
Percentage of total workforce who are unemployed and are looking for a paid job. Unemployment rate is one of the most closely watched statistics because a rising rate is seen as a sign of weakening economy that may call for cut in interest rate. A falling rate, similarly, indicates a growing economy which is usually accompanied by higher inflation rate and may call for increase in interest rates.

Use 'unemployment rate' in a Sentence

While overall the unemployment rate in the state of North Carolina was above the nation's average, it was especially high for retail workers.
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The unemployment rate in Charles' city was so high, he had to move to the nearest city where the unemployment rate was low, so he could increase his chances of getting a job.
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Due to the ongoing war, the unemployment rate fell to record lows because of the need for workers in factories and other war-related professions.
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