Unemployment rates measure the percentage of the labor force that is jobless and actively seeking employment. This statistic helps economists and policymakers understand the health of the economy. A high unemployment rate often indicates economic distress, while a low rate suggests a thriving job market. The unemployment rate is calculated by dividing the number of unemployed individuals by the total labor force, then multiplying by 100. Various factors, such as economic cycles, technological changes, and government policies, can influence these rates. Tracking unemployment rates is essential for assessing economic performance and planning for future growth.