The unemployment rate is defined as:
A)unemployed workers plus discouraged workers, divided by the total population over the age of sixteen.
B)part-time workers plus full-time workers, divided by the total population over the age of sixteen.
C)the percentage of the labor force that is unemployed.
D)the percentage of the population over the age of sixteen that is unemployed.

Question

The unemployment rate is defined as:
A)​unemployed workers plus discouraged workers, divided by the total population over the age of sixteen.
B)​part-time workers plus full-time workers, divided by the total population over the age of sixteen.
C)​the percentage of the labor force that is unemployed.
D)​the percentage of the population over the age of sixteen that is unemployed.

Quizplus · Accepted Answer

The unemployment rate is defined as the percentage of the labor force that is unemployed, which means it only includes those who are willing and able to work and are actively seeking employment. Therefore, option A and D are incorrect as they include discouraged workers and the total population over the age of sixteen, respectively. Option B is also incorrect as it includes both part-time and full-time workers, which is not relevant to the calculation of the unemployment rate.

The Unemployment Rate Is Defined As