The unemployment rate (U-3) is the rate of unemployment measuring the number of individuals who are jobless and actively seeking employment, divided by the total number of people in the labor force.

Related Terms

  • Supply & Demand

  • Stagflation

  • Recession

  • Money Supply

  • Monetary Policy

  • Interest Rates

  • Inflation

  • Gross Domestic Product (GDP)

  • Fiscal Policy

  • Federal Reserve

  • Federal Funds Rate

  • Consumer Price Index (CPI)

  • Business Cycle