unemployment rate A statistic that compares the number of people in the labor force who do not have a job but are looking for one to the total number of people in the labor force.Related Articles: Glossary: Okunæäóîíšs LawWill We Have More Pandemic Babies?What the Unemployment Rate HidesA New Kind of Misery Index?Unemployment History Ann Mills Share This Previous Articletight money No Newer Articles December 17, 2020