The unemployment rate is defined as the percentage of the ________ that is unemployed.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated by dividing the number of unemployed individuals by the total number of individuals in the labor force, which includes anyone who is currently working or actively seeking work. Therefore, choice A) labor force is the correct answer. Choice B) total population includes individuals who may not be able to or willing to work, such as children or retirees, and is therefore not an accurate measure of unemployment. Choice C) and D) are too specific and exclude certain age groups, which would not give an accurate representation of the overall unemployment rate.

The Unemployment Rate Is Defined as the Percentage of the ________