Practice Quiz

CLEP Intro to Sociology

Category - Occupations

Start a Study Session Sign up for Question of the Day
What is the term for the number of people without jobs who are seeking employment divided by the total number of people who are working or seeking work?
  1. Employment rate
  2. Contingency rate
  3. Jobless rate
  4. Unemployment rate
  5. None of the above
Explanation
Answer: D - The unemployment rate is the number of people who are without jobs and seeking employment divided by the total number of people who are working or seeking work. This figure does not count those who are not seeking employment, such as the disabled, elderly or children. There are a wide variety of factors that go into estimating the unemployment rate, including population, number of people of working age, and number of people collecting unemployment funds.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz