Which of these are factors in determining whether a person is counted in the unemployment rate.
There are several factors that determine whether a person is counted in the unemployment rate. These factors include:
1. Age: Generally, individuals must be of working age, typically 16 years or older, to be included in the unemployment rate.
2. Employment status: Individuals need to be actively seeking employment, meaning they are available and willing to work, but currently do not have a job.
3. Joblessness: Individuals must be without a job during the reference period for which the unemployment rate is being calculated. This means they are not currently employed, even if they are temporarily absent from work (e.g., on vacation, on sick leave, etc.).
4. Labor force participation: Individuals must be part of the labor force, which includes both employed and unemployed individuals actively seeking work. People who are not in the labor force, such as retirees, full-time students, or homemakers, are not counted in the unemployment rate.
5. Citizenship or residency: Typically, the unemployment rate statistics pertain to citizens or residents of a specific country. Non-citizens or individuals without residency status may not be included in the calculation.
It is important to note that different countries and statistical agencies may have specific criteria and definitions for determining eligibility for inclusion in the official unemployment rate.