Homework (Ch 15)
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 dissatisfied with their current jobs and are considering quitting.
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 are counted as part of the labor force by the Bureau of Labor Statistics.
The following table contains U.S. employment information from July 2019.
able[[ able[[Civilian Population],[(Persons 16 years old and over)]], able[[Employed],[(Persons)]], able[[Unemployed],[(Persons)]], able[[Discouraged],[(Persons)]]],[259,225,000,157,288,000,6,063,000,368,000]]
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 imes ( 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.
If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would
Homework (Ch 15) 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 dissatisfied with their current jobs and are considering quitting
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
The following table contains U.S.employment information from July 2019
Civilian Population
Employed Unemployed (Persons) (Persons) 157,288,000 6,063,000
Discouraged (Persons)
(Persons 16 years old and over)
259,225,000
368,000
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 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 RateU-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.
If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would
