The unemployment rate is the:
A) percent of the labor force that is unemployed.
B) number of people unemployed.
C) the labor force minus the number of people unemployed.
D) average length of time someone is unemployed.

Question

Quizplus · Accepted Answer

The unemployment rate is defined as the percentage of the labor force that is currently unemployed. It is not the number of people unemployed or the average length of time someone is unemployed. Additionally, it is not simply the labor force minus the number of people unemployed, as the unemployment rate takes into account the size of the labor force in relation to the number of unemployed individuals.

The Unemployment Rate Is The