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The Unemployment Rate calculator computes the percentage of the labor force which is unemployed based on the (NU) Number of Unemployed and (LF) Size of the Labor Force.
INSTRUCTIONS: Enter the following:
- (NU) Number of Unemployed
- (LF) Size of Labor Force
Unemployment Rate (UR): The calculator returns the rate as a percentage.
The Math / Science
The formula for Unemployment Rate is:
UR = NU / LF
where:
- UR = Unemployment Rate
- NU = Number Unemployed
- LF = Number of people in the Labor Force
Macroeconomics Calculators
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
- Price Elasticity of Demand
- Price Elasticity of Supply
- Total Surplus
- Consumer Surplus
- Producer Surplus
- GDP Growth
- GDP Deflator
- GDP by Income
- GDP Expenditure
- Net Capital Outflow
- Net Exports and Net Capital Outflow
- Dollar Conversion from Different Times
- Unemployment Rate (Friedman and Phelps)
- National Saving
- Domestic Investment
- Unemployment Rate
- Inflation Rate in Year 2 (using CPI)
- Labor Force
- Labor-Force Participation Rate
- Net Exports
- Real Exchange Rate
- Currency Converter
- Midpoint Method for Price Elasticity of Demand
- Income Elasticity of Demand
- Simple Price Elasticity of Demand
The Math / Science
The formula for Unemployment Rate is:
UR = NU/LF
where:
- UR is the Unemployment Rate
- NU is the Number of Unemployed
- LF is the size of the Labor Force
Resource:
- Mankiw, N. Gregory. "Chapter 15:Identifying Unemployment." Principles of Macroeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 298-99. Print.
