Asked by Rin Siege Mhill on May 07, 2024
Verified
Retirees are included in the Bureau of Labor Statistics' "not in the labor force" category.
Not in the Labor Force
Individuals who are neither employed nor actively seeking employment and, therefore, not counted in the labor force.
Retirees
Individuals who have withdrawn from active working life, often due to reaching a certain age or fulfilling occupational requirements.
- Differentiate among the statuses of being "employed," "unemployed," and "outside the labor force."
Verified Answer
TZ
Tommy ZhengMay 08, 2024
Final Answer :
True
Explanation :
Retirees are considered not in the labor force because they are not actively seeking employment, fitting the Bureau of Labor Statistics' criteria for this category.
Learning Objectives
- Differentiate among the statuses of being "employed," "unemployed," and "outside the labor force."