Which of the following statements is incorrect? a. A decrease in the labor participation causes the unemployment rate to decline, other things being equal. b. When the BLS publishes Employment Situation report each month, it also releases the results about employment, hours worked, and employee earnings from Establishment Survey. c. Every month, the BLS computes the unemployment rate based on a survey of about 60,000 households (Current Population Survey). d. The broadest measure of labor underutilization, known as u6, is the sum of total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force.
Which of the following statements is incorrect? a. A decrease in the labor participation causes the unemployment rate to decline, other things being equal. b. When the BLS publishes Employment Situation report each month, it also releases the results about employment, hours worked, and employee earnings from Establishment Survey. c. Every month, the BLS computes the unemployment rate based on a survey of about 60,000 households (Current Population Survey). d. The broadest measure of labor underutilization, known as u6, is the sum of total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following statements is incorrect?
a. A decrease in the labor participation causes the
things being equal.
b. When the BLS publishes Employment Situation report each month, it also releases the
results about employment, hours worked, and employee earnings from Establishment
Survey.
c. Every month, the BLS computes the unemployment rate based on a survey of about
60,000 households (Current Population Survey).
d. The broadest measure of labor underutilization, known as u6, is the sum of total
unemployed, plus all marginally attached workers, plus total employed part time for
economic reasons, as a percent of the civilian labor force.
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