BUISENESS MANAGEMENT
EMPLOYMENT ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Labour Force ____ Work force
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Work Force ____ Labour Force
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Labour Force + Work Force
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All of these
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Detailed explanation-1: -The unemployment rate represents the number of unemployed people as a percentage of the labor force (the labor force is the sum of the employed and unemployed). The unemployment rate is calculated as: (Unemployed รท Labor Force) x 100.
Detailed explanation-2: -The labor force is the sum of the employed plus the unemployed, and the unemployment rate is the number unemployed divided by the number in the labor force. People are considered employed if they work at least one hour for pay or at their own business at any time during the week including the twelfth day of the month.
Detailed explanation-3: -This is the sum of the unemployed who are willing to work and are actively looking for a job and the unemployed who are willing to work and are not actively looking for a job, expressed as a per cent of the greater labour force.
Detailed explanation-4: -People who are jobless, looking for a job, and available for work are unemployed. The labor force is made up of the employed and the unemployed. People who are neither employed nor unemployed are not in the labor force.