Asked by Zabeeullah Haidary on Jun 28, 2024
Verified
The labor force includes
A) only those who are employed.
B) those who are employed,plus the unemployed.
C) the total population,less retirees.
D) the total population,less retirees and students.
E) the total population,less retirees,students,and government workers.
Labor Force
The total number of people who are of working age, capable of working, and actively seeking employment or currently employed.
Employed
The status of having paid work, being engaged in a job or business.
Unemployed
Individuals who are capable of working and actively seeking work but without employment during the period of assessment.
- Comprehend the methodology behind the computation of the unemployment rate and recognize the constraints associated with government statistics.
Verified Answer
SZ
Stephanie ZeiglerJul 01, 2024
Final Answer :
B
Explanation :
The labor force includes both those who are employed and those who are unemployed and actively seeking work. Therefore, option B is the correct answer. The other options are incorrect because they omit either the unemployed or both employed and unemployed individuals.
Learning Objectives
- Comprehend the methodology behind the computation of the unemployment rate and recognize the constraints associated with government statistics.
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