The unemployment rate measures:
A)unemployed workers as a percentage of the population.
B)unemployed workers as a percentage of the population over the age of sixteen.
C)unemployed workers as a percentage of the labor force.
D)the number of people unemployed divided by the number of people employed.

Question

The unemployment rate measures:
A)​unemployed workers as a percentage of the population.
B)​unemployed workers as a percentage of the population over the age of sixteen.
C)​unemployed workers as a percentage of the labor force.
D)​the number of people unemployed divided by the number of people employed.

Quizplus · Accepted Answer

The unemployment rate is calculated as the percentage of unemployed individuals in the labor force. The labor force includes individuals who are employed and those who are unemployed but actively seeking employment. Thus, choice C is the correct option as it reflects this definition.

The Unemployment Rate Measures