What Is the Unemployment Rate?
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The unemployment rate measures the share of the labor force that is willing to work but does not currently have a job.
The related data links are centered on Lesotho.
In Short
A lower unemployment rate usually signals a tighter labor market; a higher one often points to weaker demand.
What To Watch
The level matters, but the short-term trend is often more important. A sustained rise is widely read as a slowdown signal.
How To Read It
Definitions and survey methods differ by country, so it is safer to read it together with jobs data and wage indicators in cross-country work.