What are two criticisms of the unemployment rate? How do these criticisms relate to the overstating or understating of the unemployment rate?

What will be an ideal response?

First, the official data understates the extent of unemployment because it considers all part-time employees as fully employed. Second, a worker must be actively seeking work to be counted as unemployed, which also understates the level of unemployment. Workers who are too discouraged to look for work are not considered part of the labor force.