The following table contains U.S. employment information from June 2019.Civilian Population(Persons 16 years old and over)Employed(Persons)Unemployed Discouraged(Persons)(Persons)259,037,000157,005,0005,975,000425,000The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 meaof labor underutilization, which is calculated as follows:Unemployed+ DisCOuraged= 100 x Tabor Porce + DiscouragedU-4Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.Official Unemployment Rate(Percent)U-4 Measure of Labor Underutilization(Percent)

Unemployment is a situation in which persons who are able, willing and looking for jobs are unable…

Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate (Percent) U-4 Measure of Labor Underutilization (Percent)

Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate (Percent) U-4 Measure of Labor Underutilization (Percent)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.

Question

The following table contains U.S. employment information from June 2019.
Civilian Population
(Persons 16 years old and over)
Employed
(Persons)
Unemployed Discouraged
(Persons)
(Persons)
259,037,000
157,005,000
5,975,000
425,000
The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 mea
of labor underutilization, which is calculated as follows:
Unemployed+ DisCOuraged
= 100 x Tabor Porce + Discouraged
U-4
Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.
Official Unemployment Rate
(Percent)
U-4 Measure of Labor Underutilization
(Percent)

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