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BrendanOO7 BrendanOO7
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6 years ago
How is unemployment defined in the United States?  How is the number of unemployed counted in the United States? What is the unemployment rate?
Textbook 
Modern Labor Economics: Theory and Public Policy

Modern Labor Economics: Theory and Public Policy


Edition: 12th
Authors:
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6 years ago
The U.S. Department of Labor considers an individual to be unemployed if the individual is on temporary layoff from their job waiting to be called back to work or if an individual has actively searched for work in the last month.  The unemployed are counted each month by the Current Population Survey.  The unemployment rate is obtained by taking the ratio of the unemployed to the total labor force (which is the sum of the number employed and the number unemployed).
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