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13 January, 16:19

Which of the following is correct?

A. The Bureau of Labor Statistics uses data collected from those applying for unemployment insurance to compute the unemployment rate.

B. The labor force includes all adults who are able to work.

C. Unpaid homemakers are counted as "employed" by the Bureau of Labor Statistics.

D. People working part time are counted as "employed" by the Bureau of Labor Statistics.

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Answers (1)
  1. 13 January, 19:11
    0
    The correct answer is option D.

    Explanation:

    The Bureau of Labor Statistics is a unit under the US department of labor. It is tasked with collecting information on the labor market, prices, and productivity and provide statistical data on its basis.

    The unemployment rate is calculated on the basis of data collected through a monthly survey called the current population survey.

    The part of the adult population which is either working or do not have a job but are actively looking for one are included in labor force. Discouraged workers or those who are unemployed but not looking for jobs actively are not included.

    Unemployed homemakers are not counted as employed, they are not included in the labor force either. They are considered out of the labor force as they do not have a job and are not looking for one.

    All full time and part-time workers are counted as employed.
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Home » Business » Which of the following is correct? A. The Bureau of Labor Statistics uses data collected from those applying for unemployment insurance to compute the unemployment rate. B. The labor force includes all adults who are able to work. C.
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