Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 8: Q.15 (page 214)

What criteria do the BLS use to count someone as employed? As unemployed?

Short Answer

Expert verified

According to the BLS criteria for people who are considered employed and unemployed are quite simple.

Step by step solution

01

Step.1 Introduction

Unemployment can be defined as the situation when a person who is able to work and is work, is also actively looking for jobs but is not able to find one. The percentage of working population that cannot find work is known as unemployment rate.

02

Step.2 Explanation

The BLS criteria for people who are considered employed and unemployed is sort of simple. The folks that are considered employed are people who um participated in any kind of work, so any form of paying job during the survey period, and this counts for folks that are working full time, part-time, or perhaps temporary work.

Those people who do not have a job, are willing to work and have actively looked for a job atleast 4 weeks ago are considered unemployed by the BLS.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

As the baby boom generation retires, the ratio of retirees to workers will increase noticeably. How will this affect the Social Security program? How will this affect the standard of living of the average American?

The U.S. unemployment rate increased from 4.6%

in July 2001 to 5.9% by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? Why?

What are some of the problems with using the unemployment rate as an accurate measure of overall joblessness?

Would you expect the natural rate of

unemployment to remain the same within one country over the long run of several decades?

Are all adults who do not hold jobs counted as unemployed?
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free