Question
Read the following article: https://files.stlouisfed.org/files/htdocs/publications/page1-econ/2016-02-01/making-sense-of-unemployment-data.pdf Afterreadingthearticle,answerthefollowingquestions: 1.Explainwhydiscouragedworkersarenotcountedasunemployed. 2.Defineunderemployedworkersandexplainwhyaretheynotcountedasunemployed. 3.Whichmeasureofunemploymentattemptstoincludediscouragedandunderemployedworkers? HowmuchhigheristhismeasurethantheU-3measure?See https://research.stlouisfed.org/useraccount/dashboard/7191 forthemostrecentdata. 4.Whichtypeofunemploymentrisesandfallsduetochangesinthebusinesscycle? 5.Explainwhythenaturalrateofunemploymentisusedasabenchmark. 6.Howhavedemographicsinfluencedthelaborforceparticipationrate?
Read the following article: https://files.stlouisfed.org/files/htdocs/publications/page1-econ/2016-02-01/making-sense-of-unemployment-data.pdf
Afterreadingthearticle,answerthefollowingquestions:
1.Explainwhydiscouragedworkersarenotcountedasunemployed.
2.Defineunderemployedworkersandexplainwhyaretheynotcountedasunemployed.
3.Whichmeasureofunemploymentattemptstoincludediscouragedandunderemployedworkers?
HowmuchhigheristhismeasurethantheU-3measure?Seehttps://research.stlouisfed.org/useraccount/dashboard/7191forthemostrecentdata.
4.Whichtypeofunemploymentrisesandfallsduetochangesinthebusinesscycle?
5.Explainwhythenaturalrateofunemploymentisusedasabenchmark.
6.Howhavedemographicsinfluencedthelaborforceparticipationrate?
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