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Labor Force: Definition & Concept

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of following is the BEST explanation of the labor force?

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1. What's the difference between an unemployment rate and a labor force participation rate?

2. Imagine you live in a country with 202,000,000 people employed, but with 13,000,000 unemployed. What is your country's labor force?

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About This Quiz & Worksheet

The labor force is an important concept to know when studying employment statistics, and this quiz/worksheet will help you test your understanding of it as well as related terms.

Quiz & Worksheet Goals

In these assessments you'll be tested on calculations and definitions of:

  • The labor force
  • Unemployment rate
  • Labor participation rate

Skills Practiced

  • Problem solving - use acquired knowledge to solve practice problems involving labor participation rates, unemployment rates, and the labor force
  • Distinguishing differences - compare and contrast topics from the lesson, such as the unemployment rate and the labor participation rate
  • Defining key concepts - ensure that you can accurately define the labor force

Additional Learning

To learn more about the labor force and related concepts, review the accompanying lesson titled Labor Force: Definition & Concept. This lesson covers the following objectives:

  • Define the labor force and know how it is measured
  • Understand how the unemployment rate is determined
  • Relate what is measured by the labor force participation rate
  • Differentiate between the unemployment rate and the labor force participation rate
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