Asked by Amneesh Rehal on Jul 17, 2024
Verified
The Bureau of Labor Statistics computes unemployment rates for the entire adult population and for groups based on age, gender, and race.
Bureau of Labor Statistics
The Bureau of Labor Statistics is a unit of the United States Department of Labor, responsible for collecting and analyzing economic data related to labor market activity, working conditions, and price changes.
Unemployment Rates
The part of the labor force that finds itself unemployed and is in search of job opportunities.
Adult Population
The segment of the population that is 18 years and older; often used in statistics such as employment or eligibility for voting.
- Become familiar with the processes employed by the Bureau of Labor Statistics in gathering and generating statistics on unemployment and labor market conditions.
- Realize the importance of demographic segments (age, gender, race) in labor statistics.
Verified Answer
EV
Elliott VenturaJul 18, 2024
Final Answer :
True
Explanation :
The Bureau of Labor Statistics (BLS) indeed computes unemployment rates for the entire adult population as well as for specific groups based on age, gender, and race, among other categories, to provide a detailed view of the labor market.
Learning Objectives
- Become familiar with the processes employed by the Bureau of Labor Statistics in gathering and generating statistics on unemployment and labor market conditions.
- Realize the importance of demographic segments (age, gender, race) in labor statistics.