1. Copyright © Council for Economic Education. Reproduction for Educational Use is Granted The September Unemployment Rate A Case Study October 7, 2005 Stephen Buckles Vanderbilt University

2. Copyright © Council for Economic Education. Reproduction for Educational Use is Granted Unemployment Rate = 7,661,000 = 5.1 % 7,661,000 + 142,432,000 Table 1: Calculation of the Unemployment Rate (individuals without a job and actively searching)7,661,000 = Unemployed (individuals with jobs)142,432,000 - Employed (total population minus those not in labor force)150,093,000= Labor force (retired, students, individuals choosing not to work)76,600,000- Not in Labor force and persons in institutions) (excluding those under 16, military,226,693,000Total civilian population Description

3. Copyright © Council for Economic Education. Reproduction for Educational Use is Granted