how can employment rate be 70% instead of 93% if unemployment rate is 7%? 1.75K viewsJanuary 3, 2024 Question90.92K June 3, 2019 0 Comments how can employment rate be 70% instead of 93% if unemployment rate is 7%? In: 3 Answers ActiveNewestOldest Anonymous Posted June 3, 2019 0 Comments Employment rate is the percentage of people who are available to use. Unemployment rate is the percentage of people who are available to work who are actively seeking a job. So in your example, only 7% of the remaining 30% are trying to find work. You are viewing 1 out of 3 answers, click here to view all answers. Register or Login
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