In the video "The Unemployment Rate and the Labor Force Participation Rate Explained in One Minute": Question 34 Answer a. Unemployment is defined as the number of people who have stopped looking for a job b. Labor force participation is defined as the total number of people currently employed c. Unemployment is defined as the number of people out of work and no longer looking for a job d. Labor force participation is defined as the number of people who are either working or looking for a job