158k views
1 vote
Which of the following statements is true of the unemployment rate?

a) It includes discouraged workers.
b) It only counts the employed population.
c) It reflects the total labor force.
d) It is unaffected by seasonal variations.

User Ryanqy
by
7.6k points

1 Answer

7 votes

Final answer:

The unemployment rate reflects the total labor force and is based on a monthly survey carried out by the U.S. Bureau of the Census. It does not include discouraged workers, but it does count individuals who may be underemployed or fall under the category of hidden unemployment.

Step-by-step explanation:

The unemployment rate reflects the total labor force and is based on a monthly survey carried out by the U.S. Bureau of the Census. To be classified as unemployed, a person must be without a job, currently available to work, and actively looking for work in the previous four weeks.

Discouraged workers, who have stopped looking for employment, are not counted in the unemployed category. However, the unemployment rate does not include discouraged workers.

The unemployment rate is affected by seasonal variations. Seasonal and migrant workers, as well as individuals who have only part-time or temporary jobs but are looking for full-time and permanent employment, are counted as employed. These individuals may fall under the category of hidden unemployment or may be underemployed if they are working in a lower-paying job that does not utilize their skills.

User Nocturnal
by
7.1k points