Question

Which of the following causes the unemployment rate as measured by the Bureau of Labor?

A) Job creation
B) Labor force participation
C) Technological advancement
D) Economic recession

Answer 1

The causes of unemployment rate as measured by the Bureau of Labor include economic recession, technological advancement, and frictional unemployment.

Step-by-step explanation:

The factors that cause unemployment rate as measured by the Bureau of Labor include:

1. Economic recession: During a recession, businesses may decrease production and lay off workers, leading to higher unemployment rates.
2. Technological advancement: When new technologies are introduced, some jobs may become obsolete, resulting in unemployment.
3. Frictional unemployment: Individuals who are actively searching for employment but have not yet found a job are considered frictionally unemployed.