Answer: Labor force that are not employed
Explanation:
The unemployment rate is simply the fraction of the labor force that are not gainfully employed. To calculate the unemployment rate, the formula used is the number of people who are unemployed divided by the labor force.
It should be noted that the labor force is gotten when the people that are unemployed and those that are employed are added together.
Therefore, the unemployment rate is interpreted as the percentage of the labor force that are not employed.
