Which of the following people would be considered unemployed by the Bureau of Labor Statistics?
I. Mrs. X retires from her job at the age of 55 and does not look for another job.
II. Mr. Y was laid off from his job as a welder, but expects to be rehired in 8 months.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question

Quizplus · Accepted Answer

Mr. Y would be considered unemployed because he is without a job but expects to be rehired, indicating he is still part of the labor force. Mrs. X, who retires and does not look for another job, is not considered part of the labor force and therefore not unemployed.

Which of the Following People Would Be Considered Unemployed by the Bureau