Asked by Jahsiah Colon on Jun 06, 2024
Verified
The unemployment rate will decrease whenever there is a(n) _____.
A) increase in the number of persons classified as unemployed
B) decrease in the number of unemployed persons relative to the size of the labor force
C) decrease in the size of the population and no change in the number of persons classified as employed
D) reduction in the size of the labor force
E) decrease in the number of unemployed persons and no change the population
Unemployment Rate Decrease
A reduction in the percentage of the labor force that is unemployed and actively seeking employment.
Labor Force Size
The total number of people aged 16 and over who are either employed or actively seeking employment.
Classified Unemployed
Classified unemployed refers to individuals who are without a job and have been categorized based on certain criteria, such as duration of unemployment or their reason for unemployment.
- Determine the unemployment percentage in various situations.
- Determine the elements that affect fluctuations in the unemployment rate.
Verified Answer
Learning Objectives
- Determine the unemployment percentage in various situations.
- Determine the elements that affect fluctuations in the unemployment rate.
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