People are considered unemployed if they work and are not employed and are currently available to work, and actively seeking work for the past four weeks.
What do you mean by labor force?
The total of both employed and unemployed people are referred to as Labor force. The level of employee participation is workers as a percentage of non-legal citizens.
The level of employee participation is a measure of effective economic workers.
The formula is the number of people 16 years and older who are employed or actively looking for work, divided by the number of non-institutional, working-age citizens.
The unemployment rate and Employment rate can be calculated below:
[tex]\rm\,Unemployment\,rate = \dfrac{\,Number\,of\,unemployed}{ labour\,force}\times100[/tex]
[tex]= \rm\, 100 - Unemployment\,rate = Employment\,rate \\\\Or\\ \\Employment\,rate = \dfrac{\,Number\,of \,employed}{labour\,force}\times\,100[/tex]
Therefore, these are criteria used by economists to determine whether a person is employed or unemployed.
To learn more about the labor force, refer to the link:
https://brainly.com/question/24939447
