Question

The percentage of the labor force that is willing and able to work, does not currently have a job, and is actively looking for work is called _____. unemployment insurance cyclical unemployment unemployment rate

Answer 1

The percentage of the labor force that is willing and able to work, does not currently have a job, and is actively looking for work is called unemployment rate. The correct option among all the options that are given in the question is the last option. The rate of unemployment is increasing with each passing day.

Answer 2

The correct answer is:

unemployment rate

Step-by-step explanation:

Unemployment or joblessness is the position of actively scanning for employment but not doing currently applied. The unemployment rate is a measure of the currency of unemployment and it is circumscribed as a percentage by dividing the number of inactive individuals by all individuals currently in the operation force.