R1 is
A)long-term unemployment.
B)the official unemployment rate.
C)comparable to the official U.S. rate.
D)short-term unemployment.
E)the unemployment rate that adds discouraged searchers to the official rate.

Question

Quizplus · Accepted Answer

R1 refers to long-term unemployment, which is typically defined as unemployment that lasts for 27 weeks or more. This differs from the official unemployment rate (B), which includes all unemployed individuals who are actively seeking employment and available to work, regardless of the duration of their unemployment. Therefore, options B, C, D, and E are all incorrect.

R1 Is