The Bureau of Labor Statistics defines the unemployment rate as the percentage of
A)those unemployed relative to those employed.
B)the labor force that is unemployed.
C)the adult population that is unemployed.
D)the adult population that is unemployed or not in the labor force.

Question

Quizplus · Accepted Answer

The unemployment rate is calculated as the percentage of the labor force (people who are currently employed or actively seeking employment) who are unemployed. Therefore, option B is the correct definition. Options A, C, and D all include groups of people who are not in the labor force, which are not counted in the unemployment rate calculation.

The Bureau of Labor Statistics Defines the Unemployment Rate as the Percentage