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Acollege student who has not worked before just graduated from college and is actively looking for...

Acollege student who has not worked before just graduated from college and is actively looking for job. Will unemployment rate change

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The percentage of the labor force that is seeking a job but does not have one is known as the unemployment rate. The unemployment rate is defined as follows:

(Unemployed Workers/(Employed + Unemployed Workers)) ×100%

Unemployed workers are those who are jobless, seeking a job, and ready to work if they find a job.

The sum of the employed and unemployed workers represents the total labor force Note that the labor force does not include jobless who are not seeking work, such as full-time students, homemakers, and retirees. They are considered to be outside the labor force

The labor force participation rate is the percentage of the adult population that is part of the total labor force. All of these measures consider only persons 18 years of age or older.

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