The Bureau of Labor Statistics' U-5 Measure of Joblessness Is

question 64

True/False

The Bureau of Labor Statistics' U-5 measure of joblessness is the official unemployment rate.

---

Definitions:

Red-Circled Rates

Pay rates that are above the maximum of the pay scale for a position, often protected for a period even if they exceed normal salary ranges.

Merit Raises

Salary increases awarded to employees based on their performance and achievements, as opposed to cost of living adjustments or across-the-board increases.

Performance Appraisal

The process by which organizations evaluate employee job performance over a period of time.

Critical Behaviours

Actions or patterns of actions that significantly impact the effectiveness or performance in specific contexts or roles.