Unemployment statistics are measured and released by the Bureau of Labor Statistics, a division of the U.S.

Question:

Department of Labor.

a. When does the Bureau of Labor Statistics officially classify a person as being employed? When are potential workers classified as being unemployed?

b. What do the following terms mean and how are they calculated?

i. The unemployment rate ii. The labor force participation rate

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3E Economics

ISBN: 9781292411019

3rd Global Edition

Authors: Daron Acemoglu, David Laibson , John List

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Question Posted: Nov 16, 2024 05:00 AM

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Unemployment statistics are measured and released by the Bureau of Labor Statistics, a division of the U.S.

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3E Economics

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