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How to calculate Unemployment rate

The Unemployment rate formula, with plain worked examples you can check yourself.

Unemployment rate = U ÷ LF × 100

The result is a percentage (%).

Worked examples

U = 350 · LF = 7000Unemployment rate = 5%
U = 1000 · LF = 10000Unemployment rate = 10%
U = 400 · LF = 8000Unemployment rate = 5%

How to use it

  1. Write down the values for each letter in the formula.
  2. Do the brackets first, then divide or multiply.
  3. Multiply by 100 to show the answer as a percentage.
  4. Compare the answer with last period or with a competitor to see if it is good or bad.

This formula belongs to Money & Prices.

Related terms

Unemployment rateInflationPrice elasticityDeflationMonetary policyMoney supply

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