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ECO2013 Unemployment Essay - Jennifer Diaz Professor Diaz...

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Jennifer’Diaz’ Professor’Diaz -Greco’ ECO’ 2013’ 25’March’2013’ Unemployment’ Unemployment’rate’is’ the’percentage’of’the’total’labor’force’that’is’ unemployed’but’actively’seeking’ employment ’ and’willing’to’work. ’ The’ labor’force’can’be’ defined’as’ the’total’number’of’people’employed’or’ seeking’employment’in’a’country’and’the’Bureau’of’Labor’Statistics’ measures’this.’ To’calculate’this’is’a’process, labor force statistics are derived directly from the Current Population Survey, which is conducted by the Census Bureau for the Bureau of Labor Statistics. The survey is based on a selected sample of households and includes the population 16 years of age and over. The
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