## The official unemployment rate quizlet

Unemployment is defined by the Bureau of Labor Statistics as people who do not have a job, have actively looked for work in the past four weeks, and are currently available for work. Also, people who were temporarily laid off and were waiting to be called back to that job are included in the unemployment statistics.The BLS reports this in the U-3 report, a part of the monthly jobs report. Mathematically, the unemployment rate is as follows: unemployment rate = (# of unemployed / labor force) x 100% Notice that one can also refer to an "employment rate" that would just be equal to 100% minus the unemployment rate, or employment rate = (# of employed / labor force) x 100% Real unemployment is not one of the types of unemployment, but it's a term you need to understand. Many people argue that instead of the “official” unemployment rate, we should use an alternate rate. The Bureau of Labor Statistics calls it the "U-6" rate. Others call it the “real” unemployment rate because it uses a broader definition

Start studying Problem Set 11: Unemployment. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Multiply the resulting decimal number by 100 to calculate the unemployment rate. Here, you simply shift the decimal two slots to the left, as .09% becomes 9%. 3. The U.S. unemployment rate by year shows the rate in December of each year. It gives a broad-brush review of how bad unemployment was. It reveals that unemployment exceeded 10 percent twice. It was between 14 percent and 24.8 percent during the Great Depression. It was greater than double-digits between 1931 and 1940. The African American unemployment rate is 6.7 percent, having ticked up since hitting a record low about a year ago. It remains more than double the rate for whites. The Official U.S Unemployment Rate “People are classified as Unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work

## 5 Jan 2017 Along with GDP growth, the unemployment rate is the most recognized economic statistic in the United States. It's too bad it is so misleading.

To be classified as unemployed, a worker must: not have a job and must be actively looking for work. The official unemployment rate reported by the government may tend to understate the amount of unemployment by: excluding discouraged workers who are not actively seeking employment. Terms in this set (20) unemployment rate. the percentage of the labor force that is unemployed. working-age population. everyone in the country that is at least 16. labor force. sum of the employed and the unemployed. the percentage of the population aged 16 or older that is in the labor force. unemployment rate. the percentage of the total number of people in the labor force who are unemployed. discouraged workers. nonworking people who are capable of working but have given up looking for a job given the state of the job market. The target rate of unemployment is generally thought of as: a) the target level of potential output b) another name for the official unemployment rate c) the target rate for the labor force participation rate d) the sum of structural and cyclical unemployment Which of the following statements about unemployment is true? A.) to be officially unemployed, a person has to be in the labor force B.) A person who is not working is official unemployed C.) A person who is working part time but would like to work full time D.) A person who is retired E.) A person who is a full time student and not seeking employment

### Hyperinflation in Zimbabwe was a period of currency instability in Zimbabwe that, using Food output capacity fell 45%, manufacturing output 29% in 2005, 26% in 2006 and 28% in 2007, and unemployment rose to 80%. The July 2018 inflation rate in Zimbabwe was officially 4.3% (up from 2.9% in June). In June 2019

Consider the adult civilian population is 191.6 mil, the total employment is 117.6 mil, and the unemployment is 9.4 mil. What is the unemployment rate? 2. 21 May 2018 The unemployment rate gets plenty of media coverage. But it's not a perfect measure of joblessness. People aren't considered unemployed if  5 Jan 2017 Along with GDP growth, the unemployment rate is the most recognized economic statistic in the United States. It's too bad it is so misleading. To be classified as unemployed, a worker must: not have a job and must be actively looking for work. The official unemployment rate reported by the government may tend to understate the amount of unemployment by: excluding discouraged workers who are not actively seeking employment. Terms in this set (20) unemployment rate. the percentage of the labor force that is unemployed. working-age population. everyone in the country that is at least 16. labor force. sum of the employed and the unemployed.

### Unemployment is defined by the Bureau of Labor Statistics as people who do not have a job, have actively looked for work in the past four weeks, and are currently available for work. Also, people who were temporarily laid off and were waiting to be called back to that job are included in the unemployment statistics.The BLS reports this in the U-3 report, a part of the monthly jobs report.

The unemployment rate is the share of the labor force that is jobless, expressed as a percentage. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions, rather than anticipating them. When the economy is in poor shape and jobs are scarce, The real unemployment rate (U-6) is a broader definition of unemployment than the official unemployment rate (U-3). In February 2020, it was 7.0%. In February 2020, it was 7.0%. The U-3 is the rate most often reported in the media.

## 16 Oct 2001 Over the course of a year, the size of the labor force, the levels of employment and unemployment, and other measures of labor market activity

A sample is not a total count, and the survey may not produce the same results that would be obtained from interviewing the entire population. But the chances are 90 out of 100 that the monthly estimate of unemployment from the sample is within about 300,000 of the figure obtainable from a total census. The unemployment rate is the share of the labor force that is jobless, expressed as a percentage. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions, rather than anticipating them. When the economy is in poor shape and jobs are scarce, The real unemployment rate (U-6) is a broader definition of unemployment than the official unemployment rate (U-3). In February 2020, it was 7.0%. In February 2020, it was 7.0%. The U-3 is the rate most often reported in the media. Unemployment is defined by the Bureau of Labor Statistics as people who do not have a job, have actively looked for work in the past four weeks, and are currently available for work. Also, people who were temporarily laid off and were waiting to be called back to that job are included in the unemployment statistics.The BLS reports this in the U-3 report, a part of the monthly jobs report.

The real unemployment rate (U-6) is a broader definition of unemployment than the official unemployment rate (U-3). In February 2020, it was 7.0%. In February 2020, it was 7.0%. The U-3 is the rate most often reported in the media.