Asked by Glenda Gonzalez on May 14, 2024
Verified
Which statement is true?
A) People collecting unemployment benefits are not counted as unemployed.
B) The Bureau of Labor Statistics compiles the unemployment rate from the data they collect from the unemployment insurance officers.
C) The unemployment rate is calculated by dividing the number of unemployed by the number of employed.
D) None of the statements are true.
Unemployment Benefits
Payments made by the government or a private insurance company to individuals who are unemployed and actively looking for a job.
Bureau of Labor Statistics
A U.S. government agency that collects, processes, analyzes, and disseminates essential statistical data on labor market activity, working conditions, and price changes in the economy.
- Become acquainted with the assorted classifications of unemployment, encompassing frictional, structural, and cyclical.
Verified Answer
TW
Taliyah WalkerMay 15, 2024
Final Answer :
D
Explanation :
All provided statements are incorrect. A) People collecting unemployment benefits are indeed counted as unemployed if they meet the criteria for unemployment. B) The Bureau of Labor Statistics (BLS) compiles the unemployment rate based on household surveys, not data from unemployment insurance officers. C) The unemployment rate is calculated by dividing the number of unemployed individuals by the labor force, not the number of employed.
Learning Objectives
- Become acquainted with the assorted classifications of unemployment, encompassing frictional, structural, and cyclical.