If people become discouraged looking for work and drop out of the labor force without finding a job, how does it affect the unemployment rate?

Question

If people become discouraged looking for work and drop out of the labor force without finding a job, how does it affect the unemployment rate?
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Solution 1

When people become discouraged and stop looking for work, they are no longer considered part of the labor force. The labor force consists of those who are either employed or actively looking for work.

Step 1: Understand the definition of unemployment rate The unemployment rate is calculated as the Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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