Question #225651

what is strict unemployment and how is it calculated?


1
Expert's answer
2021-08-12T17:45:23-0400

Definition of strict unemployment regards to a person as unemployed if he/she have taken active steps to search for a job or to start up some form of self-employment in the past four weeks prior to the interview.


Unemployment rate == unemployedpeopleTotallabourforce×100\frac{unemployed people }{Total labour force}\times 100



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