2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. O They have given up on looking for a job. O They are employed workers who want to earn higher wages. O They are full-time workers who would like to work only part-time. The following table contains U.S. employment information from August 2019. Civilian Population Employed Unemployed Discouraged (Persons) (Persons 16 years old and over) (Persons) (Persons) 6,044,000 259,432,000 157,878,000 467,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: Unemployed+Discouraged Labor Force + Discouraged U-4 100 x The following table contains U.S. employment information from August 2019. Civilian Population Discouraged Employed Unemployed (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,432,000 157,878,000 6,044,000 467,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: Unemployed+Discouraged Labor Force + Discouraged U-4 = 100 x Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate U-4 Measure of Labor Underutilization (Percent) (Percent) The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. O They have given up on looking for a job. O They are employed workers who want to earn higher wages. O They are full-time workers who would like to work only part-time. The following table contains U.S. employment information from August 2019. Civilian Population Employed Unemployed Discouraged (Persons) (Persons 16 years old and over) (Persons) (Persons) 6,044,000 259,432,000 157,878,000 467,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: Unemployed+Discouraged Labor Force + Discouraged U-4 100 x The following table contains U.S. employment information from August 2019. Civilian Population Discouraged Employed Unemployed (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,432,000 157,878,000 6,044,000 467,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: Unemployed+Discouraged Labor Force + Discouraged U-4 = 100 x Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate U-4 Measure of Labor Underutilization (Percent) (Percent) The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:2. Discouraged workers
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all
that apply.
O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
O They have given up on looking for a job.
O They are employed workers who want to earn higher wages.
O They are full-time workers who would like to work only part-time.
The following table contains U.S. employment information from August 2019.
Civilian Population
Employed
Unemployed
Discouraged
(Persons)
(Persons 16 years old and over)
(Persons)
(Persons)
6,044,000
259,432,000
157,878,000
467,000
The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure
of labor underutilization, which is calculated as follows:
Unemployed+Discouraged
Labor Force + Discouraged
U-4
100 x
Transcribed Image Text:The following table contains U.S. employment information from August 2019.
Civilian Population
Discouraged
Employed
Unemployed
(Persons 16 years old and over)
(Persons)
(Persons)
(Persons)
259,432,000
157,878,000
6,044,000
467,000
The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure
of labor underutilization, which is calculated as follows:
Unemployed+Discouraged
Labor Force + Discouraged
U-4
= 100 x
Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.
Official Unemployment Rate
U-4 Measure of Labor Underutilization
(Percent)
(Percent)
The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.
If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would
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