Title: QUIZ: What is Unemployment?
Course: FRED Q&A Full Course > Section: FRED® Q&As -- Unemployment

Q: According to the article, what is the definition of an unemployed person?
- Someone who is not working (That is incorrect.)
- Someone who is not working and is actively seeking work (That's correct!)
- Someone who is working part-time but prefers full-time work (That is incorrect.)
- Someone who has given up looking for work (That is incorrect.)
A: Someone who is not working and is actively seeking work

Q: Which unemployment rate is commonly reported in the media?
- U-1 (That is incorrect.)
- U-2 (That is incorrect.)
- U-3 (That's correct!)
- U-6 (That is incorrect.)
A: U-3

Q: What does the Hornstein-Kudlyak-Lange index aim to evaluate?
- The average duration of unemployment spells (That is incorrect.)
- The underutilization of labor in the economy (That's correct!)
- The labor force participation rate (That is incorrect.)
- The percentage of discouraged workers (That is incorrect.)
A: The underutilization of labor in the economy

Q: What is the difference between the non-employment rate and the unemployment rate?
- They are the same measurement using different terminology. (That is incorrect.)
- The non-employment rate counts those who are not a part of the labor force. (That's correct!)
- The non-employment rate counts only those who have been unemployed for more than 15 weeks. (That is incorrect.)
- The unemployment rate excludes military personnel, while the non-employment rate includes them. (That is incorrect.)
A: The non-employment rate counts those who are not a part of the labor force.