The unemployment rate is calculated as follows:
A. Unemployment Rate = (Number of Unemployed / Population) x 100.
B. Unemployment Rate = (Number of Unemployed / Labor Force) x 100.
C. Unemployment Rate = [(Number of Unemployed) / (Number of Employed+Labor Force)].
D. Unemployment Rate = (Number of Unemployed /
Number of Employed) x 100.
Answer: B. Unemployment Rate = (Number of Unemployed / Labor Force) x 100.