University:
Liverpool John Moores University
Course:
7003LBSIBM | International Business Management
Academic year:

2021
Views:

35

Pages:

3
Author:

zbrkanogiorr

Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are counted as part of the labor force by the Bureau of Labor Statistics. They are dissatisfied with their current jobs and are considering quitting. 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 July 2019. Civilian Population (Persons 16 years Employed Unemployed Discouraged (Persons) (Persons) (Persons) old and over) 259,225,000 157,288,000 6,063,000 368,000 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: 100× U 4 =employed+Discouraged U - or Force + Discouraged = 4 100×Unemployed+DiscouragedLabor Force + Discouraged Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate (Percent) U-4 Measure of Labor Underutilization (Percent) The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. Excluding discouraged workers from the official unemployment rate may cause the official rate tounderstate the true extent of underemployment.