The unemployment rate is measured as
A) an indicator for potential inflation.
B) an indicator to determine long- term economic growth.
C) the percentage of people in the labor force who are unemployed.
D) the number of people that want to work but cannot find jobs out of the entire population.

Question

Quizplus · Accepted Answer

The unemployment rate is the percentage of people in the labor force who are actively seeking employment but cannot find a job. It is not directly related to inflation or long-term economic growth. It also does not include individuals who are not in the labor force, such as those who have given up looking for work.

The Unemployment Rate Is Measured as