There are 210 million people living in country x, with a 75% unemployment rate (u3). Of the 160 million people above the age of 15, 60 million work full-time, and 10 million work part-time.
The proportion of the labour force that is unemployed is known as the unemployment rate. A lag exists. The percentage of the labour force that is not employed at the moment is called the unemployment rate. The Bureau of Labor Statistics calculates the unemployment rate in six distinct methods. The U-6 rate and the 10 million people who are classed as unemployed are the most thorough statistics available.
Unemployment force/population of working age equals the unemployment rate (u3).
(U3) = 60/80*100 for the unemployment rate.
(U3) = 75% unemployment rate
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