To calculate the unemployment rate, take the: To calculate the unemployment rate, take the: number of people in the economy who do not hold jobs and divide by the number of jobs available. number of people in the labor force who do not have a job and are looking for a job and divide by the number of people in the labor force. number of entrants in the labor force and the number of college graduates, and divide by the number of people in the country. number of people in the labor force and divide by the number not presently working