hich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all at apply. O They have given up on looking for a job. They are dissatisfied with their current jobs and are considering quitting. They are counted as part of the labor force by the Bureau of Labor Statistics. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. he following table contains U.S. employment information from July 2019. Civilian Population (Persons 16 years old and over) 259,225,000 he Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure labor underutilization, which is calculated as follows: U-4 = 100 x Employed Unemployed Discouraged (Persons) (Persons) (Persons) 157,288,000 6,063,000 368,000 Unemployed Discouraged Labor Force + Discouraged Il 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) he official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. deremployment.
hich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all at apply. O They have given up on looking for a job. They are dissatisfied with their current jobs and are considering quitting. They are counted as part of the labor force by the Bureau of Labor Statistics. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. he following table contains U.S. employment information from July 2019. Civilian Population (Persons 16 years old and over) 259,225,000 he Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure labor underutilization, which is calculated as follows: U-4 = 100 x Employed Unemployed Discouraged (Persons) (Persons) (Persons) 157,288,000 6,063,000 368,000 Unemployed Discouraged Labor Force + Discouraged Il 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) he official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. deremployment.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![**Understanding Discouraged Workers and Employment Metrics**
**Characteristics of 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.
- [ ] They have given up on looking for a job.
- [ ] They are dissatisfied with their current jobs and are considering quitting.
- [ ] They are counted as part of the labor force by the Bureau of Labor Statistics.
- [x] They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
---
**U.S. Employment Information (July 2019):**
| | Civilian Population (Persons 16 years old and over) | Employed (Persons) | Unemployed (Persons) | Discouraged (Persons) |
|----------------------------|-----------------------------------------------------|--------------------|----------------------|-----------------------|
| **Number of Persons** | 259,225,000 | 157,288,000 | 6,063,000 | 368,000 |
---
**Understanding Labor Statistics Measures:**
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:
\[
U-4 = 100 \times \left(\frac{\text{Unemployed} + \text{Discouraged}}{\text{Labor Force} + \text{Discouraged}}\right)
\]
---
**Calculating Employment Rates:**
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) |
|---------------------------|--------------------------------------|------------------------------------------------|
| **Rates** | | |
The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.
---
**Note on Employment Statistics Interpretation:**
Excluding discouraged workers from the official unemployment rate may cause the official rate to **underestimate** the true extent of underemployment.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2dfbc14-c292-406b-a407-1c08170dae11%2F2d2187b2-0c7e-46aa-b9dc-c4fbb94171de%2Ft71q7rjt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Understanding Discouraged Workers and Employment Metrics**
**Characteristics of 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.
- [ ] They have given up on looking for a job.
- [ ] They are dissatisfied with their current jobs and are considering quitting.
- [ ] They are counted as part of the labor force by the Bureau of Labor Statistics.
- [x] They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
---
**U.S. Employment Information (July 2019):**
| | Civilian Population (Persons 16 years old and over) | Employed (Persons) | Unemployed (Persons) | Discouraged (Persons) |
|----------------------------|-----------------------------------------------------|--------------------|----------------------|-----------------------|
| **Number of Persons** | 259,225,000 | 157,288,000 | 6,063,000 | 368,000 |
---
**Understanding Labor Statistics Measures:**
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:
\[
U-4 = 100 \times \left(\frac{\text{Unemployed} + \text{Discouraged}}{\text{Labor Force} + \text{Discouraged}}\right)
\]
---
**Calculating Employment Rates:**
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) |
|---------------------------|--------------------------------------|------------------------------------------------|
| **Rates** | | |
The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.
---
**Note on Employment Statistics Interpretation:**
Excluding discouraged workers from the official unemployment rate may cause the official rate to **underestimate** the true extent of underemployment.
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