What is meant by the term unemployment rate
A the speed at which people lose their jobs during a particular year
B the length of time it takes for unemployment to go down
C the number of people who want employment but cannot get jobs
D the number of jobs for which employers cannot find workers
C the number of people who want employment but cannot get jobs
The unemployment rate is a measure of the percentage of the labor force that is unable to find a job despite actively seeking employment. It is typically calculated as the number of unemployed individuals divided by the total number of people in the labor force, and is often used as an indicator of the health of the economy.