The unemployment rate refers to the percentage of the total labor force that is unemployed but actively seeking employment and willing to work. It is a common economic indicator that is used to gauge the health of an economy. A high unemployment rate is generally seen as a sign of economic weakness, while a low unemployment rate is seen as a sign of strength. In forex, changes in the unemployment rate can have an impact on the value of a country’s currency as it can affect the central bank’s decision on interest rates and monetary policy.