How To Determine The Unemployment Rate

Table of contents:

How To Determine The Unemployment Rate
How To Determine The Unemployment Rate

Video: How To Determine The Unemployment Rate

Video: How to Calculate the Unemployment Rate 2022, November
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Unemployment is understood as a socio-economic phenomenon characterized by unemployment among the economically active population. Full employment of the economically active population of a country can be, perhaps, only in theory or in states with a firmly rooted command-administrative system. In reality, almost every country in the world has a certain level of unemployment.

How to determine the unemployment rate
How to determine the unemployment rate

Instructions

Step 1

According to the terminology of the International Labor Organization, a person between the ages of 10 and 72 is recognized as unemployed if three conditions are met: he is unemployed, is in the process of looking for a job, and is ready to start work. In Russia, citizens are recognized as unemployed under the same conditions, adjusted for age: from 15 years.

Step 2

To determine the unemployment rate, know that there are several definitions of this concept:

- the ratio of the unemployed to the total number of registered workers and employees;

- a macroeconomic indicator characterizing the ratio of the number of unemployed to the total labor force;

- the percentage of unemployed in the total number of civilian labor, etc.

Step 3

Accordingly, determine the unemployment rate using a very simple formula: the ratio of the unemployed to the total working-age population of the country.

Step 4

Find out the total working-age population, for example, on the website of the Federal State Statistics Service. In the same place, find out the number of unemployed in the country and make a calculation.

Step 5

To determine the level in a particular industry, it is necessary to conduct a statistical study and find the number of unemployed able-bodied citizens specializing in this industry. Then divide this number by the total number of citizens who work and could work in the industry.

Step 6

When determining the level of unemployment, remember that it has several varieties: forced, registered, structural, hidden and even voluntary. Using official data, you will get the official unemployment rate.

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