If the unemployment rate in Zeta is calculated to be 5%, this means that 5% of the entire population is unemployed and seeking work.

The unemployment rate is a way to measure how many people in a country or area are without jobs but are looking for work. When we say that Zeta has a 5% unemployment rate, it means that out of every 100 people in Zeta, 5 people are unemployed and actively trying to find a job. To calculate this rate, you take the number of unemployed people and divide it by the total number of people in the workforce, then multiply by 100 to get a percentage. For example, if Zeta has 1,000 people in the workforce and 50 of them are unemployed, the unemployment rate would be (50/1000) x 100, which equals 5%. This helps us understand the health of the job market in Zeta and can influence decisions by businesses and the government.