Formula for calculating employment rate
Unemployment Rate. Unemployment rate is the percentage of labor force that is currently unemployed but was available for job in last four weeks and was actively seeking employment in that period. It is the ratio of the number of unemployed people to the sum of the number of employed and unemployed people. How to Calculate Unemployment Rate - Calculating the Federal Unemployment Rate Find the number of unemployed people. Find the number of employed people. Remove people who are not considered to be in the labor force. Divide the number of unemployed people by the total number of employed and