Which statement(s) describe(s) the unemployment rate? I. The unemployment rate includes those people who do not have a job and have ended their job search.
II) The unemployment rate counts as employed those people who may be only working part-time.
III) The unemployment rate is the percentage of the entire U.S. population that does not have a job but is searching for one.
A) I only
B) II only
C) I and II only
D) III only

Question

Quizplus · Accepted Answer

II) The unemployment rate includes individuals who are working part-time but are seeking full-time employment, considering them as employed. Statement I is incorrect because the unemployment rate only includes those actively searching for a job, not those who have stopped looking. Statement III is incorrect because the unemployment rate is calculated as a percentage of the labor force, not the entire population.

Which Statement(s) Describe(s) the Unemployment Rate? I