The job finding rate is defined as
A)the probability that someone who has been unemployed for over a year will find a job in the next month.
B)the probability that someone who is not in the labor force will enter the labor force in the next month.
C)the probability that someone who is employed will change jobs in the next month.
D)the probability that someone who is unemployed will find a job in the next month.

Question

Quizplus · Accepted Answer

The job finding rate refers to the probability that someone who is unemployed will find a job in the next month. Therefore, option D is the correct choice. Option A refers to the long-term unemployment rate, option B refers to the labor force participation rate, and option C refers to the job separation rate.

The Job Finding Rate Is Defined as