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 not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. 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 are full-time workers who would like to work only part-time. The following table contains U.S. employment information from August 2018. Civilian Population (Persons 16 years old and over) 258,066,000 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 x Employed Unemployed Discouraged (Persons) (Persons) (Persons) 155,604,000 6,197,000 434,000 Unemployed; Dacemraged Later Har+ Damaged 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 underemployment. the true extent of
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 not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. 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 are full-time workers who would like to work only part-time. The following table contains U.S. employment information from August 2018. Civilian Population (Persons 16 years old and over) 258,066,000 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 x Employed Unemployed Discouraged (Persons) (Persons) (Persons) 155,604,000 6,197,000 434,000 Unemployed; Dacemraged Later Har+ Damaged 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 underemployment. the true extent of
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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 have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
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 are full-time workers who would like to work only part-time.
The following table contains U.S. employment information from August 2018.
Civilian Population
(Persons 16 years old and over)
258,066,000
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 x
Employed Unemployed Discouraged
(Persons) (Persons) (Persons)
434,000
155,604,000 6,197,000
Unemployed + Discouraged
Laber Haren + Dacoraged
Fill the following tab by calculating t 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
underemployment.
the true extent of
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