Which of the following statements is the best explanation of how the unemployment rate is measured?(1 point)

Question

Responses

The unemployment rate measures the percentage of individuals underemployed.
The unemployment rate measures the percentage of individuals underemployed.

The unemployment rate measures the percentage of individuals in the gig economy such as freelance workers, independent contractors, or temporary workers.
The unemployment rate measures the percentage of individuals in the gig economy such as freelance workers, independent contractors, or temporary workers.

The unemployment rate measures the percentage of individuals who are retired.
The unemployment rate measures the percentage of individuals who are retired.

The unemployment rate measures the percentage of individuals actually looking for employment, but who cannot obtain employment.

Answer 1

The best explanation of how the unemployment rate is measured is:

The unemployment rate measures the percentage of individuals actually looking for employment, but who cannot obtain employment.

This statement accurately describes that the unemployment rate focuses on individuals who are actively seeking work but are unable to find jobs, rather than measuring underemployment, gig economy participation, or retired individuals.