A 37-year-old is not working for pay but has gone back to school to earn an MBA. He is waiting to look for work until he completes his degree. Because he is over the age of 16, however, he would be counted as part of the unemployment rate

Question

Quizplus · Accepted Answer

To be counted in the unemployment rate, an individual must be actively looking for work and unable to find it. Since the person is not currently looking for work, they would not be counted as part of the unemployment rate.

A 37-Year-Old Is Not Working for Pay but Has Gone