Economic Research and Analysis Division, Government of Newfoundland and Labrador, Glossary of Terms -Illustrative unemployment rate calculation

Illustrative Unemployment Rate Calculation

Total Labour Force
= # of employed + # of unemployed
= 14,909,700 + 1,089,600
= 15,999,300

Unemployment Rate
= Total # of unemployed/Total Labour Force
= 1,089,600/15,999,300
= 6.8%

[back]

All material copyright of the Government of Newfoundland and Labrador. No unauthorized copying or redeployment permitted. The Government assumes no responsibility for the accuracy of any material deployed on an unauthorized server.
Disclaimer/Copyright/Privacy Statement