Question
ECONOMIC FINANCE HELP a. (This question about the U-6 rate is completely different than the prior question about the U-3 rate. In other words, none
ECONOMIC FINANCE HELP
a. (This question about the U-6 rate is completely different than the prior question about the U-3 rate. In other words, none of the numbers from the prior question should be used in this question.) Use the following information to solve for the U-6 rate (the U-6 unemployment rate):
Number of people with full-time jobs: 101MM
Number of people with part-time jobs who are happy working part-time: 13.2MM
Number of people working part-time, but want full-time employment: 3.2MM
Number of people who are unemployed and have looked for a job in the past month: 5.9MM
Number of people who want a job, they have looked for jobs in the past year, but they have not looked in the past month because of:
1) Discouraged (didnt believe there was a job available for them): 1.2MM
2) School or family issues: 300,000
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