East Westfalia reported these unemployment rates for 2010: cyclical 3 percent, seasonal 2 percent, frictional 4 percent, and structural 6 percent. The official unemployment rate is 12 percent.

Question

Quizplus · Accepted Answer

The official unemployment rate typically reflects the total percentage of the labor force that is unemployed and actively seeking employment, not the sum of different types of unemployment rates (cyclical, seasonal, frictional, and structural).

East Westfalia Reported These Unemployment Rates for 2010: Cyclical 3