. Discouraged workers Which of the following statements correctly describe disco
ID: 1106950 • Letter: #
Question
. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave hat apply all of the checkboxes blank.) Check all They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They are employed workers who want to earn higher wages. They are counted as part of the labor force by the Bureau of Labor Statistics. They have given up on looking for a job. 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) 138,698,000 14,860,000 1,204,000 236,998,000 ternative is the U-4 measure The Bureau of Labor Statistics has several measures of joblessness in addition to the official un of labor underutilization, which is calculated as follows: employment rate. One al Unemployed +Discouraged Labor Force + Discouraged U- 100× Tabor Force +Explanation / Answer
1.Discouraged workers are those who are not working, have looked for a job in the past 12 months and are willing to work, but have not sought employment in the past 4 weeks, the bureau of labour statistics does not count them in labour force but classify them as marginally attached to the labour force. So all the statements given above are wrong.
2. Now unemployement rate is calculated as:-
UR = No.of Unemployed Persons / Labour Force
= 14,860,000 / (138,698,000 + 14,860,000)
= 14,860,000 / 153,558,000
= 9.67 %
3. calculating U 4 measure :-
U- 4 = 16,064,000 / 154,762,000
= 10.37 %
4. Including discouraged workers in the labour force, will rise the unemployement rate.
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