How is the unemployment rate defined?
A)part-time workers plus full-time workers, divided by the total population aged 15 and over
B)unemployed workers plus discouraged workers, divided by the total population aged 15 and over
C)the percentage of the labour force that is unemployed
D)the percentage of the population aged 15 and over that is unemployed

Question

Quizplus · Accepted Answer

The unemployment rate is defined as the percentage of the labour force that is unemployed. The labour force includes all those who are employed or actively seeking employment. Therefore, choice C is the correct definition of the unemployment rate. Choices A and D are incorrect as they do not consider whether individuals are actively seeking employment or not, while choice B includes discouraged workers, who are not technically considered part of the labour force.

How Is the Unemployment Rate Defined