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Glossary of Terms

Illustrative Unemployment Rate Calculation

Total Labour Force
= # of employed + # of unemployed
= 14,909,700 + 1,089,600
= 15,999,300

Unemployment Rate
= Total # of unemployed/Total Labour Force
= 1,089,600/15,999,300
= 6.8% 


 
Economic Research & Analysis Division, Department of Finance - (709) 729-3255 - infoera@gov.nl.ca

 
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