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1.   What three categories does the Bureau of Labor Statistics classify adults in to measure unemployment?...

1.   What three categories does the Bureau of Labor Statistics classify adults in to measure unemployment?

_____________________________ _____________________________ ______________________________

  1. What is the labor force? ___________________________________________________________________
  2. What does the unemployment rate measure? ___________________________________________________

__________________________________________________________________________________________

4.   What does the labor force participation rate measure? ___________________________________________

__________________________________________________________________________________________

  1. If the total population (age 16 and over) is 40 million, 1 million are unemployed, and 24 million currently hold jobs, how big is the labor force? _____________________________ what is the unemployment rate? _________________________ the labor force participation rate? _______________________________

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Rahul Sunny answered 2 years ago
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