The Unemployment Rate Explained

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unemployment rate
unemployment rate

The national unemployment rate currently sits at 9.7 percent, down from 10 percent the previous month, but almost double what it was five years ago. This means that 14.8 million of the approximately 150 million people who make up the national workforce do not presently have jobs. Sounds simple and straightforward enough on the surface, but there's a lot more too it than you might think. Here are some answers to the key questions.

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