The unemployment rate is the percentage of the civilian labor force that is unemployed but actively seeking work.

Question

Quizplus · Accepted Answer

The statement accurately defines the unemployment rate. The civilian labor force includes people who are 16 years or older, not institutionalized, and either employed or seeking employment. The unemployment rate is calculated by dividing the number of unemployed individuals who are actively seeking work by the total number of people in the civilian labor force.

The Unemployment Rate Is the Percentage of the Civilian Labor