Economic Health

Analysis

Metropolis saw an increase in the unemployment rate for the City. As more businesses enter the City this rate should begin to go down. An increase in the City’s unemployment rate illustrates local, regional and national weakening economic conditions and market forces outside of the City’s control.

Definition

Unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of locally unemployed individuals by all individuals currently in the local labor force.

Impact

The City has a moderate impact on this measure.