The unemployment rate formula is the number of unemployed / Labor force * 100

The unemployment rate is the rate used to measure the percentage of people that is unemployed from the labor force. The unemployed people means the people who are not currently working but are searching for employment within 4 weeks. Labor force is the sum of employed and unemployed people from part of population. Ratio of unemployed people to labor force gives the unemployment rate.

B - CPI is the measure of inflation which uses the fixed consumer basket price to measure the rate of inflation in different time periods. For this , the price of market basket in current and base year has to be considered. CPI = Price of basket in current Year / Price of basket in base year * 100

If this value comes more than 100 , suppose 120 , then 100-20 = 20 % , will be the rate of inflation between the current and the base period. If this value is less than 100 , suppose 99 , then there was deflation of 1 %.

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