The percentage of the people of working age who have jobs is called the__________.
A) employment-to-working-age-population ratio
B) employment-to-population ratio
C) labor force
D) inverse of the unemployment rate

Question

Quizplus · Accepted Answer

The correct term for the percentage of the people of working age who have jobs is the employment-to-population ratio. The other options are related to labor market indicators, but they do not directly refer to the percentage of employed people in the population. The employment-to-working-age-population ratio is a similar concept but with a more specific definition, considering only people between the ages of 15 and 64 as the working age population. The labor force is the sum of employed and unemployed people, and the inverse of the unemployment rate is a mathematical formula used to calculate the employment rate.

The Percentage of the People of Working Age Who Have