Unemployment Rate: The unemployment rate is the percentage of people in the labor force who are actively seeking employment but cannot find a job. It is an indicator of the health and performance of a city's labor market.
Labor Force: The labor force includes all individuals who are either employed or actively looking for work. It does not include those who are not seeking employment, such as retirees or full-time students.
Skills Gap: The skills gap refers to a mismatch between the skills demanded by employers and the skills possessed by job seekers. When there is a significant gap, it can result in higher unemployment rates and difficulty filling certain positions.