Unemployment Rate (Noun)
Meaning
The percentage of the work force that is unemployed at any given date.
Classification
Nouns denoting relations between people or things or ideas.
Examples
- The country's unemployment rate soared to over 10% as a result of the economic downturn.
- The low unemployment rate of 2% in the state was attributed to its thriving tech industry.
- The current unemployment rate is a concern for policymakers, as it has remained stagnant for several months.
- The city with the lowest unemployment rate in the country saw a surge in new business startups and investment.
- Declines in the unemployment rate often indicate a strong and growing economy.