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Custom Quilters makes decorative comforters,quilted garments,and other products in a small sewing factory.The company expects to make 2,000 comforters during the current year.With respect to the comforters,how would the hourly wages of sewing machine operators be classified?
Unemployment Rate
The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
Employed
Employed refers to individuals who are working for pay or profit, engaging in a job or business, within a stipulated period.
Unemployed
Refers to individuals who are capable of working and willing to work but cannot find employment.
Misery Index
An economic indicator created by summing the unemployment rate and inflation rate, intending to measure economic discomfort within a country.
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