Asked by Alicia Ebding on Apr 27, 2024
Verified
The labor force minus the number of employed equals the number of unemployed.
Labor Force
The total number of people who are eligible and willing to work, including both employed and unemployed individuals.
Number of Employed
A metric that signifies the total count of people within an economy who are currently engaged in paid employment or self-employed.
Number of Unemployed
The total count of individuals who are actively seeking work but are currently without a job.
- Analyze employment market indicators through the examination of statistical tables.
Verified Answer
JT
Juwan TownsendApr 30, 2024
Final Answer :
True
Explanation :
The labor force is comprised of the employed and the unemployed, so subtracting the number of employed individuals from the total labor force gives the number of unemployed individuals.
Learning Objectives
- Analyze employment market indicators through the examination of statistical tables.