how can employment rate be 70% instead of 93% if unemployment rate is 7%?

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how can employment rate be 70% instead of 93% if unemployment rate is 7%?

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Anonymous 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.

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