DEVELOPMENTAL PSYCHOLOGY
ADULTHOOD PHYSICAL COGNITIVE AND SOCIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Bottom Line. The unemployment rate isn’t an accurate measure of joblessness simply because it doesn’t consider everyone who doesn’t have a job. That’s why many economic experts instead focus on what’s known as the real unemployment rate.
Detailed explanation-2: -There is only one official definition of unemployment-people who are jobless, actively seeking work, and available to take a job, as discussed above. The official unemployment rate for the nation is the number of unemployed as a percentage of the labor force (the sum of the employed and unemployed).
Detailed explanation-3: -The unemployment rate of people with similar characteristics and skills is the same. However, the unemployment rate from one group of people to another does differ. Due to this, the national average is not equal to the unemployment rate for all people.