The BLS reports several different measures of unemployment rates. For example, t
ID: 1199286 • Letter: T
Question
The BLS reports several different measures of unemployment rates. For example, the official unemployment rate (and thus the most reported) is called the “U-3” measurement. For August 2012, the U-3 unemployment rate was 8.1 percent. However, the BLS also reports the “U-6” measurement. For August 2012, the U-6 unemployment rate was 14.6 percent, much larger than the U-3 rate. Which of the answer choices best explains the disparity between the U-3 and U-6 measurements of the unemployment rate?
A. U-3 excludes discouraged workers from not in the labor force and includes part-time workers seeking full-time work as unemployed.
B. U-3 includes part-time workers seeking full-time work as fully employed.
C. U-6 includes discouraged workers and part-time workers seeking full-time work as unemployed.
D. U-6 includes part-time workers seeking full-time work as fully employed.
Explanation / Answer
C. U-6 includes discouraged workers and part-time workers seeking full-time work as unemployed.
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