Methods Analysis Cannot Be Done for Jobs That Do Not

question 45

True/False

Methods analysis cannot be done for jobs that do not yet exist.

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Definitions:

Labor-Force Participation Rates

The percentage of the adult population that is either employed or actively seeking employment.

Unemployment Rate

The level of unemployment within the labor force among those who are vigorously searching for jobs.

Economy

The system or range of economic activities in a particular area, involving the production, distribution, and consumption of goods and services.

Unemployment Rate

The proportion of jobless individuals who are making an active effort to find employment in the labor force.