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Meaning of unemployment rate

Source language: EnglishDictionary language: English

unemployment

Pronunciation:/ʌn.ɪmˈplɔɪ.mənt/

noun

Definitions

  1. The state of having no job; joblessness.

    Example: Unemployment made Jack depressed.

  2. The phenomenon of joblessness in an economy.

    Example: Unemployment has been considered a cause of crime.

  3. The level of joblessness in an economy, often measured as a percentage of the workforce.

    Example: Unemployment was reported at 5.2% in May, up from 4.9% in April.

  4. A type of joblessness due to a particular economic mechanism.

    Example: All unemployments, seasonal, frictional, cyclical, classical, whatever, mean that you're out of work.