What is the official term for the percentage of unemployed persons in the labour force actively seeking jobs?
A) the poverty rate
B) the unemployment rate
C) the rate of joblessness
D) the jobless quotient

Question

Quizplus · Accepted Answer

The official term for the percentage of unemployed persons in the labour force actively seeking jobs is the unemployment rate. The poverty rate refers to the percentage of people living below a certain income threshold and is not specifically related to employment status. The rate of joblessness and the jobless quotient are not commonly used terms in economics or labour market analysis.

What Is the Official Term for the Percentage of Unemployed