Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
4. 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 dissatised 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 6 weeks, but they would like a job and are available for work. They are employed workers who want to earn higher wages. The following table contains U.S. employment information from February 2010. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 236,998,000 138,698,000 14,860,000 1,204,000 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 takes into account discouraged workers and is calculated as follows: _ Unemloyed+iscm U4 _ 100 X E70:- Force 1F Duct Fill in the following table by calculating the o'iclal unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate U-4 Measure of Labor Underutilization (Percent) (Percent) V V The ofcial unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. The U-4 measure of labor underutilization is ' than the ofcial unemployment rate. Grade It Now Save a Contlnue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of the Legal Environment of Business

Authors: Marianne M. Jennings

3rd edition

978-1305117457

Students also viewed these Economics questions