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1)Which of the following statements is LEAST correct? a
1)Which of the following statements is LEAST correct?
a. The so-called “labor force” is made up of everyone sixteen years of age or older who’s either working or actively seeking work
. b. The Commerce Department’s Bureau of Labor Statistics provides unemployment data on the first Friday of every month.
c. Earlier this year, the unemployment rate – here in the United States – went from 3.5% in February to 4.7% in March to 14.7% in April.
d. The present unemployment rate – here in the United States – is over ten percent.
Expert Solution
Option D
All the other options are correct. The data is released on the first Friday of every month and it is related to the unemployment rate of the previous month. Unemployment rate was over 10% till July but it went down to 8% in September. labour force is consist of those who are working and those who are seeking work and they are above 16 years of age.
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