Asked by
David Herrera Jr
on Oct 13, 2024Verified
If there are 80 million people employed,10 million unemployed,5 million collecting unemployment insurance,and 5 million discouraged workers,there are ____________ in the labor force.
A) 85 million
B) 90 million
C) 95 million
D) 100 million
Labor Force
The labor force comprises all individuals above a certain age who are either employed or actively seeking employment, representing the available workforce for an economy.
Discouraged Workers
Discouraged workers are individuals who are not actively seeking employment due to believing that no jobs are available for them or that they would not qualify for those that are.
- Acquire knowledge about the components and computation of the labor force as well as the unemployment rate.
Verified Answer
SA
Learning Objectives
- Acquire knowledge about the components and computation of the labor force as well as the unemployment rate.