Unemployment statistics are measured and released by the Bureau of Labor Statistics (BLS), a division of the U.S. Department of Labor.The BLS officially classifies a person as being employedO A. only if that person has worked full time over the previous week.O B. if that person holds either a part-time or full-time paid job.O C. if that person holds a paid job or may not be working but has looked for work in the previous weekO D. when a person has worked at the same job for one year continuously.Potential workers are classified as being unemployed whenO A. they want a full-time job and instead have a part time job or are not working at allB. they do not have a paid job, have looked for work in the previous 4 weeks, and are available for work.Oc. they do not have a paid job, have looked for work in the previous 4 months, and are available for workO D. they do not have a paid job and are currently not available for work.The equation for the unemployment rate is defined asUnemployed100% xPotential workersOB.Unemployed100% xLabor forceOc.Employed100% X A. only if that person has worked full time over the previous week.B. if that person holds either a part-time or full-time paid job.OC. if that person holds a paid job or may not be working but has looked for work in the previous weekO D. when a person has worked at the same job for one year continuouslyPotential workers are classified as being unemployed whenO A. they want a full-time job and instead have a part-time job or are not working at all.O B. they do not have a paid job, have looked for work in the previous 4 weeks and aro available for workO C. they do not have a paid job, have looked for work in the previous 4 months and are available for workO D. they do not have a paid job and are currently not available for workThe equation for the unemployment rate is defined asO AUnemployed100% xPotential workersOB.Unemployed100% xLabor forceEmployed100% xPotential workersO DEmployed100% xLabor forceO O O O

[1] BLS officially classifies a person being employed if that person holds either a part-time or…

Answered: The equation for the unemployment rate…

The equation for the unemployment rate is defined as O A. 100% x Unemployed Potential workers OB. Unemployed 100% x Labor force OC. Employed 100% x Potential workers OD. 100%x Empioyed Labor force

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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