Final answer:
Unemployment is measured by the labor force participation rate and the unemployment rate, which represent the percentage of people in the working-age population who are either employed or actively seeking employment, and the percentage of the labor force that is without a job but actively looking for one, respectively.
Step-by-step explanation:
Unemployment is measured by the labor force participation rate and the unemployment rate.
The labor force participation rate is the percentage of people in the working-age population who are either employed or actively seeking employment.
The unemployment rate, on the other hand, is the percentage of the labor force that is without a job but actively looking for one.