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 employed workers who want to earn higher wages. They are counted as part of the labor force by the Bureau of Labor Statistics. 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 July 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,225,000 157,288,000 6,063,000 368,000 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-4 = 100 × Labor Force + Disco Unemployed+Disco 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 the true extent of underemployment. to Grade It Now Save & Continue
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 employed workers who want to earn higher wages. They are counted as part of the labor force by the Bureau of Labor Statistics. 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 July 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,225,000 157,288,000 6,063,000 368,000 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-4 = 100 × Labor Force + Disco Unemployed+Disco 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 the true extent of underemployment. to Grade It Now Save & Continue
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter12: The American Labor Force
Section12.1: Amercians At Work
Problem 4R
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Transcribed Image Text: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 employed workers who want to earn higher wages.
They are counted as part of the labor force by the Bureau of Labor Statistics.
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 July 2019.
Civilian Population
Employed
Unemployed Discouraged
(Persons 16 years old and over) (Persons) (Persons) (Persons)
259,225,000
157,288,000 6,063,000 368,000
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-4 = 100 × Labor Force + Disco
Unemployed+Disco
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
the true extent of underemployment.
to
Grade It Now
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