unemployment rate
Definition
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.
unemployment rate is in the Economics, Politics, & Society subject.
unemployment rate appears in the definitions of the following terms: lagging indicators, misery index and stop go policy
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