The U.S. unemployment rate is a key economic indicator because most of us need jobs to maintain our standard of living. A criterion used to calculate the unemployment rate is

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29-01-2020
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The U.S. unemployment rate is a key economic indicator because most of us need jobs to maintain our standard of living. A criterion used to calculate the unemployment rate is

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anijesuajayi anijesuajayi · Answer 1 · 2020-01-29T08:21:37+01:00

Answer:

c. unemployed persons age 16 and over, who have been looking for work during the past four weeks

Explanation:

First, the Multiple Choices for the question

a) anyone under the age of 60 who does not have a job and lives within the physical borders of the U.S.

b) persons who were dismissed from their last job, and subsequently have been out of work for over a year

c) unemployed persons age 16 and over, who have been looking for work during the past four weeks

d) all persons claiming not to have a job, except students; full-time and part-time students are excluded from the calculation

The U.S. Unemployment rate

The unemployment rate in the United States represents a share or percentage of the labor force that is withoug a job. The rate of unemployment per time could be a very important in determining the health of the economy because rising unemployment rates could indicate poor economic conditions while reducing rates could me the economy is picking up.

It is the responsibility of the Bureau of Labour Statistics to release a situation report on employment montly as part of its reports. And a very important criterion of the calculation that rate is the that the unemployment person should be above the age of 16 and has been actively searching for a job.