10. Working-age people without jobs are classified as unemployed if they looked for work during the preceding...
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10. Working-age people without jobs are classified as unemployed if they looked for work during the preceding four weeks; they are classified as not in the labour force if they have not been looking for work. The labour force consists of all employed workers plus all unemployed workers. The unemployment rate is the fraction of the labour force that is unemployed.
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Related Book For 
Macroeconomics Plus Myeconlab With Pearson Global Edition
ISBN: 377221
9th Canadian Edition
Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore
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