To compute the unemployment rate

To compute the unemployment rate -...

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To compute the unemployment rate, the first step is to place people into one of three  categories: employed, unemployed, or out of the labor force. People who are employed  are currently working. People who are unemployed are not currently working, but are  actively searching for a job and would work if they found a job. People who are out of  the labor force are either not currently looking for a job or would not work if they found a  job.  Once people have been placed into the appropriate categories, the total labor force can  be calculated as the total number of workers who are either employed or unemployed.  The unemployment rate is the ratio of the number of people unemployed over the total  number of people in the labor force.  For example, let's say that a survey by the BLS reveals 20 people employed, 5 people  unemployed, and 40 people out of the labor force. Then the labor force would be the 
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