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When determining the unemployment rate, there are some terms you need to know. Match the following terms to their definitions to be sure you understand
When determining the unemployment rate, there are some terms you need to know. Match the following terms to their definitions to be sure you understand the difference. Question 1 options: People of working age (15-64) who are working, or willing and able to work and ACTIVELY looking for a job. Number of employed other than those in armed services unemployed. Percent of labour force without a job. Percent of the working age population that has a job. Percent of working age population that has a paying job, or is actively looking for a paying job. If someone is not looking for work, they are not counted as unemployed. Number of persons within the labour force not working and ACTIVELY seeking a job. Not in hospital, jail, not a student, indigenous person on reserve, military or homemaker. 1. Labour Force 2. Unemployment rate 3. Participation rate 4. Employment rate 5. Civilian Labour Force (CLF) 6. Unemployed 7. Available for work 8. Actively looking
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