What is Unemployment rate?
EconomyThe share of people in the workforce who have no job but are actively looking for one.
Think of it like: Players on the bench who want to play, out of the whole squad.
Real example: US unemployment jumped from 3.5% in February 2020 to almost 15% in April 2020.
Lesson: Nonfarm payrolls (NFP) Practise it now: Data Drop Practise it now: Basket Case