Unemployment Rate

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.