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 are counted as part of the labor force by the Bureau of Labor Statistics. They have given up on looking for a job. They are dissatisfied with their current jobs and are considering quitting. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. The following table contains U.S. employment information from June 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (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 measure of labor underutilization, which is calculated as follows: U-4U-4 = = 100×Unemployed+DiscouragedLabor Force + Discouraged100×Unemployed+DiscouragedLabor Force + Discouraged 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. Excluding discouraged workers from the official unemployment rate may cause the official rate to the true extent of underemployment.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

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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 are counted as part of the labor force by the Bureau of Labor Statistics.

They have given up on looking for a job.

They are dissatisfied with their current jobs and are considering quitting.

They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.

The following table contains U.S. employment information from June 2019.

Civilian Population	Employed	Unemployed	Discouraged
(Persons 16 years old and over)	(Persons)	(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 measure of labor underutilization, which is calculated as follows:

U-4U-4

= =

100×Unemployed+DiscouragedLabor Force + Discouraged100×Unemployed+DiscouragedLabor Force + Discouraged

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. Excluding discouraged workers from the official unemployment rate may cause the official rate to the true extent of underemployment.

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 are counted as part of the labor force by the Bureau of Labor Statistics.
They have given up on looking for a job.
They are dissatisfied with their current jobs and are considering quitting.
- They have not looked for a job in 4 weeks (or longer), but they would like a job and are
available for work.
The following table contains U.S. employment information from June 2019.
Civilian Population
(Persons 16 years old and over) (Persons)
Employed Unemployed Discouraged
(Persons)
425,000
(Persons)
157,005,000 5,975,000
259,037,000
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+Discourage
Labor Force + Discourag
U4 = 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.
Excluding discouraged workers from the official unemployment rate may cause the official rate to
the true extent of underemployment.

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