The amount of people that are unemployed is determined as = Labor Force - ______.
Which of the following options suits best in the above blank?
Which of the following options suits best in the above blank?
Answer & explanation
Correct answer: option 1
Labour force includes all those people who are working and though not working but are seeking work. Workforce refers to the number of people working. So, if we subtract workforce ( people who are working) from the labour force, we will get unemployed people.