Meaning of the word "unemployment rate" in English

What does "unemployment rate" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

unemployment rate

US /ʌnɪmˈplɔɪmənt reɪt/
UK /ʌnɪmˈplɔɪmənt reɪt/
"unemployment rate" picture

Noun

1.

the percentage of the total labor force that is unemployed but actively seeking employment and willing to work

Example:
The government announced a decrease in the unemployment rate.
A high unemployment rate can indicate economic problems.
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