Which statement is CORRECT? The unemployment rate calculated by the Bureau of Labor Statistics measures the health of the nation's labor market by adding up the number of workers who are unemployed and dividing by the size of the country's labor force. The Bureau of Labor Statistics measures the size of the US labor force by adding up all the adults in the country who are able to work. The Bureau of Labor Statistics considers any adult who is without a job to be unemployed. To be considered unemployed by the Bureau of Labor Statistics, a worker must be without a job for one month and be eligible to collect unemployment benefits. All the statements are correct.
Which statement is CORRECT? The unemployment rate calculated by the Bureau of Labor Statistics measures the health of the nation's labor market by adding up the number of workers who are unemployed and dividing by the size of the country's labor force. The Bureau of Labor Statistics measures the size of the US labor force by adding up all the adults in the country who are able to work. The Bureau of Labor Statistics considers any adult who is without a job to be unemployed. To be considered unemployed by the Bureau of Labor Statistics, a worker must be without a job for one month and be eligible to collect unemployment benefits. All the statements are correct.
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 11CQ
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Transcribed Image Text:Which statement is CORRECT?
The unemployment rate calculated by the Bureau of Labor Statistics measures the health of the nation's labor market by adding up the number of workers who are
unemployed and dividing by the size of the country's labor force.
The Bureau of Labor Statistics measures the size of the US labor force by adding up all the adults in the country who are able to work.
The Bureau of Labor Statistics considers any adult who is without a job to be unemployed.
To be considered unemployed by the Bureau of Labor Statistics, a worker must be without a job for one month and be eligible to collect unemployment benefits.
All the statements are correct.
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