2. Discouraged workers ng statements correctly describe discouraged workers? (tf
ID: 1124172 • Letter: 2
Question
2. Discouraged workers ng statements correctly describe discouraged workers? (tf none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are dissatisfied with their current jobs and are considering quitting. They are full-time workers who would like to work only part-time. 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. The following table contains U.S. employment information from December 2010 Civilian Population (Persons 16 years old and over) 238,889,000 Employed Unemployed Discouraged (Persons) (Persons)(Persons) 139,206,000 14,485,000 1,318,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows Labrge iscouroExplanation / Answer
1.
Correct Answer:
C
As per the BLS guidelines, a discouraged workers are the people who have searched for job in the past 12 months, but not in the preceding 4 weeks. But, they are available for the work job is offered to them.
2.
Official unemployment rate = unemployed people /(labor force)
Official unemployment rate = 14485000/(14485000+139206000)
Official unemployment rate = 9.42%
U-4 Rate = (unemployed people + discouraged )/(labor force+ discouraged)
U-4 Rate = (14485000+1318000)/(14485000+139206000+1318000)
U-4 Rate = 10.19%
Lower or decrease the true extent of the underemployment
Since, discouraged workers are not included in the official unemployment rate formula, then the unemployment rates will be relatively lower. It will show that the less people are unemployed and economy is in a better state.
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