If the unemployment rate is 8 percent,what can we conclude?
A)that 8 percent of the labour force is unemployed
B)that 8 percent of the population is unemployed
C)that 8 percent of the population aged 15 and over is unemployed
D)that the number of unemployed persons equals 8 percent of the employed persons

Question

Quizplus · Accepted Answer

The unemployment rate refers to the percentage of the labour force that is unemployed, so (A) is the correct choice. It does not indicate the percentage of the entire population that is unemployed (B) or the percentage of the population aged 15 and over that is unemployed (C). It is not related to the number of employed persons, so (D) is also incorrect.

If the Unemployment Rate Is 8 Percent,what Can We Conclude