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Author Question: Explain what is meant by the terms labor force, unemployment rate, and labor force participation ... (Read 163 times)

mrsjacobs44

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on: Jun 30, 2018
Explain what is meant by the terms labor force, unemployment rate, and labor force participation rate.
 
  What will be an ideal response?

Question 2

The Federal Reserve System is the central bank of the United States.
 
  Indicate whether the statement is true or false


ttt030911

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Reply #1 on: Jun 30, 2018
Answer to Question 1

The labor force comprises all workers who are currently employed and unemployed workers who are actively looking for work. The unemployment rate is the percentage of the labor force which is unemployed. The labor force participation rate is the percentage of the population over 16 years of age that is in the labor force.

Answer to Question 2

TRUE


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mrsjacobs44

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Reply #2 on: Jun 30, 2018
Correct answers!


ttt030911

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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