According to economists, how should the reported unemployment rate be viewed?
A) as a useful but imperfect measure of joblessness
B) as clearly smaller than the true unemployment rate
C) as clearly larger than the true unemployment rate
D) as being very close to the true unemployment rate

Question

Quizplus · Accepted Answer

The reported unemployment rate should be viewed as a useful but imperfect measure of joblessness. While it provides some indication of the state of the labor market, it does not capture all forms of unemployment, such as discouraged workers who have stopped looking for employment, or those who are underemployed. Therefore, it should be considered alongside other labor market indicators and contextualized within broader economic trends.

According to Economists, How Should the Reported Unemployment Rate Be