unemployment rate

Definition

Percentage of the civilian labor force which is unemployed. A lagging indicator.

Use unemployment rate in a sentence

The unemployment rate was very high and I knew that it would take a long time to fix it and get people jobs again.

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The unemployment rate for the country was significantly higher following the recent economic downturn that hurt corporate profits and forced mass layoffs.

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Over the years, the unemployment rate in the United States has fluctuated, however high unemployment rates indicate that more people are looking for jobs and joining the workforce.

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barometer NAIRU