The unemployment rate equals the number of persons:

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the number of unemployed individuals who are actively seeking work, divided by the total number of individuals in the civilian labor force, which includes both employed and unemployed individuals who are actively seeking work. Therefore, option B is the correct choice. Option A divides the number of unemployed individuals by the number of employed individuals, which does not provide an accurate representation of the unemployment rate. Option C divides the number of unemployed individuals by the total population age 16 and over, which includes individuals who are not in the labor force, such as retirees and students. Option D divides the number of individuals not working by the total population age 16 and over, which also includes individuals who are not in the labor force.

The Unemployment Rate Equals the Number of Persons