Asked by Amane gebiraye on May 12, 2024
Verified
The U.S.Department of Labor calculates the unemployment rate by
A) totaling the number of households receiving unemployment compensation.
B) analyzing federal income tax returns.
C) surveying households.
D) surveying businesses to determine patterns of hiring and layoffs.
Unemployment Rate
The portion of the labor sector that remains unemployed and is actively job hunting.
Department Of Labor
A governmental department responsible for enforcing labor laws and ensuring safe and fair working conditions for employees.
- Familiarize oneself with the approach to unemployment rate calculation and identify the restrictions of official data.
Verified Answer
LH
Laura HuertaMay 17, 2024
Final Answer :
C
Explanation :
The U.S. Department of Labor calculates the unemployment rate by conducting a monthly survey of about 60,000 households. This survey asks whether individuals aged 16 and older are working or looking for work. Based on the responses, the Department of Labor can estimate the unemployment rate. Therefore, choice C is the best option.
Learning Objectives
- Familiarize oneself with the approach to unemployment rate calculation and identify the restrictions of official data.