The condition of the labor market is a central focus of policy makers and

households. Let's consider the overall condition of the American market.

Go the website of the Bureau of Labor Statistics, and look at the current

summary of the employment situation of the United States

(

http://www.bls.gov/news.release/pdf/empsit.pdf

).

Look at table A-15 which lists several different methods of

computing labor underutilization. Which of these, in your opinion, is

the best indicator of labor conditions as measured by the household

survey?