Macroeconomics

Unemployment Rate

Definition

What is Unemployment Rate?

The percentage of the labour force without work but actively seeking employment under the stated definition.

Example in practice

High unemployment may weaken consumer demand.

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The total market value of final goods and services produced within a country during a period.

Gross domestic product adjusted for changes in prices.

Gross domestic product measured at current prices without adjusting for inflation.

A market environment in which investors favour higher-risk assets.

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