We have all been unemployed at some point in our lives. The unemployment rate is the ratio between the number of unemployed and the labor force, the labor force is the sum of the number of employed and unemployed individuals. More importantly, both the unemployment rate and the number of people can increase significantly. To be considered unemployed you must have actively looked for work in the last four weeks. The unemployment rate is calculated by dividing the number of unemployed by the number of the labor force, where the labor force is the sum of the unemployed and the