Asked by Shannon Pennie on Apr 27, 2024
Verified
The Bureau of Labor Statistics computes labor-force participation rates for the entire adult population and for groups based on age, gender, and race.
Labor-force Participation Rates
The percentage of the working-age population that is part of the labor force, either employed or actively seeking employment.
Bureau of Labor Statistics
A U.S. government agency that collects and analyzes essential economic information, especially concerning employment, prices, and working conditions.
Adult Population
Refers to the segment of the population that is considered of working age and potentially available for labor or military service.
- Understand the methods by which the Bureau of Labor Statistics collects and compiles information regarding unemployment and the labor market.
- Understand the significance of demographic categories such as age, gender, and race in workforce statistics.
Verified Answer
NU
Niken UdanartiMay 03, 2024
Final Answer :
True
Explanation :
The Bureau of Labor Statistics (BLS) calculates labor-force participation rates for the entire adult population as well as for specific demographic groups, including those based on age, gender, and race, to provide detailed insights into the labor market.
Learning Objectives
- Understand the methods by which the Bureau of Labor Statistics collects and compiles information regarding unemployment and the labor market.
- Understand the significance of demographic categories such as age, gender, and race in workforce statistics.