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ID: 1107376 • Letter: D
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dent Question tion-takeQuiz&quiz; probGuid-QNAPCOA801010000003b167d20040000&ctx-susan.thomas-; ABUHC DATA ENRYBPM ADMIN D AETNA ADMIN ) Paylocity SHAREPOINT O UHC R 1. Discouraged workers Aa Aa Which of the following statements correctly describe discouraged workers? Check all that apply. They are full-time workers who would like to work part-time. They are counted as part of the labor force by the Bureau of Labor Statistics. They have searched for a job sometime within the last 12 months but have now stopped looking. They are part-time workers willing to work full-time. The following table contains employment information for the United States from March 2008. Civilian Non-Institutional Population (16 years old and over) 232,995,000 Employecd (Number of people) 146,023,000 Unemployed (Number of people) 7,820,000 Discouraged (Number of people) 401,000 The Bureau of Labor Statistics (BLS) calculates the official unemployment rate using the following formula: Unemployed Unemployment RateLabor Force 100% Note that the official unemployment rate does not account for discouraged workers. Under the BLS definition, the total number of unemployed workers is , and the total labor force is If discouraged workers were to be included, the total number of unemployed workers would be and the total labor force would be Fill in the following table by calculating the official unemployment rate using these two different methods. Round you final answers to two decimal ports. For example, (0.03467 x 100%) rounds to 3.47%. Official Unemployment Rate Unemployment Rate with Discouraged Workers Based on your calculations, if the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate wouldExplanation / Answer
Answer 1
Which of the following correctly describe the discouraged worker?
Alternative (c) is correct.
Discouraged workers are those workers who are of legal employment age , but they are not seeking employment after long term unemployment.
Under the BLS definition, the total number of unemployed workers is 7,820,000.
and the Total Labor Force is 1,46,023,000+ 7,820,000 = 153843000.
(the total labor force is the sum of employed and unemployed labors.)
If discouraged workers is to be included, the total number of unemployed workers would be 7820000+ 401000 = 8221000, and the total labor force would be 153843000 + 401000 = 154244000.
Official Unemployment Rate = (Unemployed/Labor Force)x100
= (7820000/153843000)x100
= 0.0508310420x100
= 5.08 percent.
UNemployment rate with discouraged labors
= (unemployed + dicouraged labors)/(labor force + discouraged labors)x100
= (7820000+ 401000)/(153843000 + 401000)
= (8221000/154244000)x100
= 0.0532986696x100
= 5.329 or 5.33 percent
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