Which of the following is NOT true about the unemployment rate as calculated by

Question

Which of the following is NOT true about the unemployment rate as calculated by the Bureau of Labor Statistics (BLS)?

a.

The unemployment rate is calculated by dividing the number of people not working but actively seeking a job by the total labor force. The labor force is comprised of those working and those not working who are actually actively seeking a job.

b.

The BLS counts those working only part time was being fully employed.

c.

The BLS does not count include in the labor force those who have dropped out of the labor force because they have become so discouraged. Because one must be actively seeking a job to be counted as unemployed, so called "discouraged workers" are not included in the labor force.

d.

The unemployment rate is the percent of all adults over 16 who do not have a job.

Explanation / Answer

Unemployment is considered as those who are not working but actively looking for a job from last 4 week. There are different categories of work like working with faimlf business or part time.

Option b, those working part time but now get a full time job will not include in employment. So it is not true.

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