Octavia does not currently have a job, but she has applied for several jobs in the previous week. Eve is an unpaid stay-at-home mom who has not searched for work in recent years. Who does the Bureau of Labor Statistics count as "out of the labor force"?

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Harry

14 December, 21:29

Octavia does not currently have a job, but she has applied for several jobs in the previous week. Eve is an unpaid stay-at-home mom who has not searched for work in recent years. Who does the Bureau of Labor Statistics count as "out of the labor force"?

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Bizzy · Answer 1

Octavia

Explanation:

The Bureau of Labor statics considers unemployed people as jobless persons who have been actively seeking employment in the past four weeks. The formula that the Bureau uses does not take into account unemployed people who are engaged in other non-income generating activities.

One shortfall of the unemployment figures from the Bureau is that they do not consider all the unemployed people. Family members taking care of the sick, the elderly, or unpaid stay at home parents are not counted. Jobless individuals who have taken a break from job searching or those that have lost hope of getting hired are not considered as unemployed.