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Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank

Economics Dec 19, 2021

Discouraged workers 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 are full-time workers who would like to work only part-time. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They have given up on looking for a job. The following table contains U.S. employment information from August 2018. Civilian Population (Persons 16 years old and over) 258,066,000 Employed (Persons) Unemployed (Persons) 6,197,000 Discouraged (Persons) 434,000 155,604,000 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) U-4 Measure of Labor Underutilization (Percent) The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. the true extent of Excluding discouraged workers from the official unemployment rate may cause the official rate to underemployment.

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