In December 2005, the BLS estimated there were 7.4 million unemployed, 142.8 million employed, 451,000 discouraged workers,
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In December 2005, the BLS estimated there were 7.4 million unemployed, 142.8 million employed, 451,000 discouraged workers, and 4.8 million people (including discouraged workers) who were marginally attached to the labor force. What would the unemployment rate have been in December 2005 if it had included among the unemployed:
a. All officially discouraged workers?
b. All those who were marginally attached to the labor force?
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Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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