Usually when we refer to the level of unemployment we say like %26quot;10 percent%26quot;, that means that the 10 percent of the Economically Active Population are unemployed, but the rate of 5% means that unemployment grows 5%.
Distinguish between the level of unemployment and the rate of unemployment?loans uk
Level of unemployment = number of unemployed people at any one time. Rate of unemployment = how numbers of unemployed are increasing (or decreasing) and the speed at which it is happening over a period of time.
Distinguish between the level of unemployment and the rate of unemployment? loan
yes, that%26#039;s spot on
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