The percentage of the noninstitutionalized working-age individuals who are employed or seeking work is known as
A) the labor force.
B) the labor force participation rate.
C) discouraged worker.
D) the stock of employed and unemployed workers.

Question

Quizplus · Accepted Answer

The labor force participation rate measures the percentage of working-age individuals who are either employed or actively seeking employment, out of the total population of noninstitutionalized working-age individuals. It is calculated by dividing the total number of workers in the labor force by the total working-age population. Option A refers to the actual population of workers, option C refers to individuals who have stopped looking for work due to a lack of prospects, and option D refers to both employed and unemployed workers.

The Percentage of the Noninstitutionalized Working-Age Individuals Who Are Employed