f the unemployment rate is 8 percent, this means: a. 8 percent of the population is unemployed. b. 8 percent of the population over age 16 is unemployed. c. 8 percent of the labor force is unemployed. d. the number of unemployed persons equals 8 percent of the employed persons.

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Business

Beau Faulkner

21 November, 12:54

f the unemployment rate is 8 percent, this means: a. 8 percent of the population is unemployed. b. 8 percent of the population over age 16 is unemployed. c. 8 percent of the labor force is unemployed. d. the number of unemployed persons equals 8 percent of the employed persons.

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Answers (1)

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Barbara Patton · Answer 1

c. 8 percent of the labor force is unemployed.

Explanation:

The Unemployment Rate measures the percentage of the total labor force that is unemployed while actively seeking employment during the previous month. If the unemployment rate is 8 percent, this means 8 percent of the labor force is unemployed. That also means, out of all the people actively seeking employment during the previous month, 8 percent are still unemployed or jobless.