| Chapter 12 Outline |
| II. COUNTING THE UNEMPLOYED |
| A. The Unemployment Rate |
| 1. The unemployment rate is the percentage of the civilian labor force that is unemployed. |
| a. The civilian labor force is the number of persons employed plus the
number of persons unemployed. |
| b. Individuals are considered unemployed if they did not have a job, were available for work, and actively sought employment in the past four weeks. |
| c. Persons 16 years of age and over who are neither employed nor unemployed are not in the civilian labor force. |
| 2. The unemployment rate differs among demographic groups. |
| a. Unemployment rates for teenagers, African-Americans, and Hispanics are
higher than the overall unemployment rate. |
| b. This variation in unemployment rates means that not all groups suffer
equally when the unemployment rate increases. |