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. A. They are full-time workers who would like to work only part-time. B. They are counted as part of the labor force by the Bureau of Labor Statistics. C. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. D. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from August 2018. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 258,066,000 155,604,000 6,197,000 434,000 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 unemployed+discouraged/labor force+discouraged Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate (percent):______(3.83/3.98/4.09/4.10/8.64/9.07) U-4 Measure of Labor Underutilization (percent):_(3.83/3.98/4.09/4.10/8.64/9.07) The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would ______ (increase/decrease) .

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

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.

A. They are full-time workers who would like to work only part-time.

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

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

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

The following table contains U.S. employment information from August 2018.

Civilian Population	Employed	Unemployed	Discouraged
(Persons 16 years old and over)	(Persons)	(Persons)	(Persons)
258,066,000	155,604,000	6,197,000	434,000

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 unemployed+discouraged/labor force+discouraged

Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.

Official Unemployment Rate (percent):________(3.83/3.98/4.09/4.10/8.64/9.07)

U-4 Measure of Labor Underutilization (percent):_____(3.83/3.98/4.09/4.10/8.64/9.07)

The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.

If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would ________ (increase/decrease) .

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