CFA Level 1 Exam: Bureau of Labor Statistics Unemployment Calculation

Bureau of Labor Statistics Unemployment Calculation

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Question

Each month, the Bureau of Labor Statistics calculates unemployment by

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A. B. C. D.

Explanation

The BLS does not contact each person in the U.S. to determine his or her employment status. Instead, it randomly samples 59,500 households drawn from 729 locations in the U.S. The survey is designed to reflect geographic and demographic groups in proportion to their representation in the nation as a whole.