Illustrative Unemployment Rate Calculation
Total Labour Force
= # of employed + # of unemployed
= 14,909,700 + 1,089,600
= 15,999,300
Unemployment Rate
= Total # of unemployed/Total Labour Force
= 1,089,600/15,999,300
= 6.8%
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Skip to contentTotal Labour Force
= # of employed + # of unemployed
= 14,909,700 + 1,089,600
= 15,999,300
Unemployment Rate
= Total # of unemployed/Total Labour Force
= 1,089,600/15,999,300
= 6.8%