Which of the following does not cause “hidden” or “disguised” unemployment? Group of answer choices Shortened work hours Involuntary part time work Loss of overtime Discouraged workers
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An exodus of discouraged workers from the job market kept the unemployment rate from climbing above 10 percent. Had the labor force not decreased by 661,000 , the unemployment rate would have been 10.4 percent. The number of discouraged workers rose to 929,000 last month. Source: Bloomberg, January 9,2010 What is a discouraged worker? Explain how an increase in discouraged workers influences the official unemployment rate and $\mathrm{U}-4$
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 full-time workers who would like to work only part-time. They are counted as part of the labor force by the Bureau of Labor Statistics. They have given up on looking for a job. They are employed workers who want to earn higher wages. The following table contains U.S. employment information from August 2019: Civilian Population Employed (Persons) Unemployed (Persons) Discouraged (Persons) (Persons 16 years old and over) 259,432,000 157,878,000 44,000 467,000 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: Unemployed-Discouraged / 100 * Labor Force Discouraged U-4
Jennifer S.
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 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. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from August 2018. Civilian Population (Persons 16 years old and over): 258,066,000 Employed (Persons): 155,604,000 Unemployed (Persons): 6,197,000 Discouraged (Persons): 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) 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. Excluding discouraged workers from the official unemployment rate may cause the official rate to the true extent of underemployment.
Azat N.
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