The estimate of the current full-employment unemployment rate is approximately
The unemployment rate formula is the number of people looking for a job divided by the They give you the full picture of the labor force in the United States. Current unemployment statistics reveal that it's below 5 percent. is pulled from " Labor Force, Employment and Unemployment, 1929-1939: Estimating Methods.". During expansions, the current unemployment rate is less than the natural rate. unemployment rate that exists when the economy produces full-employment Economists have to estimate it based on observations about what's going on in