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. CENGAGE | MINDIAP Homework (Ch 15) The following table contains U.S. employment information from June 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years

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. CENGAGE | MINDIAP Homework (Ch 15) The following table contains U.S. employment information from June 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,037,000 157,005,000 5,975,000 425,000 I 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 = __ U4 00 x 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 U-4 Measure of Labor Underutilization (Percent) (Percent) v v ' 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 v

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