2. Discouraged workersWhich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check allthat apply.O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.O They have given up on looking for a job.O They are employed workers who want to earn higher wages.O They are full-time workers who would like to work only part-time.The following table contains U.S. employment information from August 2019.Civilian PopulationEmployedUnemployedDiscouraged(Persons)(Persons 16 years old and over)(Persons)(Persons)6,044,000259,432,000157,878,000467,000The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measureof labor underutilization, which is calculated as follows:Unemployed+DiscouragedLabor Force + DiscouragedU-4100 x The following table contains U.S. employment information from August 2019.Civilian PopulationDiscouragedEmployedUnemployed(Persons 16 years old and over)(Persons)(Persons)(Persons)259,432,000157,878,0006,044,000467,000The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measureof labor underutilization, which is calculated as follows:Unemployed+DiscouragedLabor Force + DiscouragedU-4= 100 xFill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.Official Unemployment RateU-4 Measure of Labor Underutilization(Percent)(Percent)The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would

Question
Asked Jan 27, 2020
753 views
2. 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.
O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
O They have given up on looking for a job.
O They are employed workers who want to earn higher wages.
O They are full-time workers who would like to work only part-time.
The following table contains U.S. employment information from August 2019.
Civilian Population
Employed
Unemployed
Discouraged
(Persons)
(Persons 16 years old and over)
(Persons)
(Persons)
6,044,000
259,432,000
157,878,000
467,000
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:
Unemployed+Discouraged
Labor Force + Discouraged
U-4
100 x
help_outline

Image Transcriptionclose

2. 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. O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. O They have given up on looking for a job. O They are employed workers who want to earn higher wages. O They are full-time workers who would like to work only part-time. The following table contains U.S. employment information from August 2019. Civilian Population Employed Unemployed Discouraged (Persons) (Persons 16 years old and over) (Persons) (Persons) 6,044,000 259,432,000 157,878,000 467,000 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: Unemployed+Discouraged Labor Force + Discouraged U-4 100 x

fullscreen
The following table contains U.S. employment information from August 2019.
Civilian Population
Discouraged
Employed
Unemployed
(Persons 16 years old and over)
(Persons)
(Persons)
(Persons)
259,432,000
157,878,000
6,044,000
467,000
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:
Unemployed+Discouraged
Labor Force + Discouraged
U-4
= 100 x
Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.
Official Unemployment Rate
U-4 Measure of Labor Underutilization
(Percent)
(Percent)
The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy.
If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would
help_outline

Image Transcriptionclose

The following table contains U.S. employment information from August 2019. Civilian Population Discouraged Employed Unemployed (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,432,000 157,878,000 6,044,000 467,000 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: Unemployed+Discouraged Labor Force + Discouraged U-4 = 100 x Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization. Official Unemployment Rate U-4 Measure of Labor Underutilization (Percent) (Percent) The official unemployment rate and the U-4 measure of labor underutilization are two different measures of joblessness in the economy. If the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would

fullscreen
check_circle

Expert Answer

Step 1

A discouraged worker or labor is a person who can work and eligible for employment but is unemployed currently and has not attempted to find a job. So, basically the people who gave up on looking for jobs due to many rejections, stress, negative emotions etc.

The discouraged labor is not employed- so both c and d are incorrect.

They are the labors not in the force and who want and are available for a job and have looked for jobs sometime in the past 12 months, but are not looking for jobs currently because they feel that there are no jobs available or there are none for which they would qualify.

a)Thus, a is correct as they have not looked for a job in four weeks, but they would like a job and are available for work. 

b)They have given up on looking for a job is the correct option.

Step 2

Unemployment rate can be calculated be: Unemployed people / labor force

labor force is Employed people + unemployed people

 

Discouraged people are not included in labor force as they are not  searching for a job actively and therefore, they are considered as nonparticipants in the labor market.

Unemployment rate = [6044000 / (157878000 + 6044000)] * 100 = 3.69%

Step 3

As we know,

U4 = [(Unemployed + Discouraged) / (Employed + unemployed + discouraged)] * 100

U4  = ...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in
BusinessEconomics

Labor economics

Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: When countries specialize in producing certain goods and then freely exchange those goods for other ...

A: Comparative advantage: A country has a comparative advantage in the production of a good if it can p...

question_answer

Q: Monopolistic competition creates inefficiency because of the Price markups and excess capacity. The ...

A: Monopolistic competition is an imperfect market condition which is characterized by the presence of ...

question_answer

Q: What is the role of price in market economies

A: When deciding an effective distribution of resources in a market economy, the price of goods plays a...

question_answer

Q: Draw and explain a production possibilities frontier for an economy that produces milk and cookies. ...

A: The Production Possibilities Frontier (PPF) shows the different bundles of two goods that can be pro...

question_answer

Q: for each of the following situations involving marginal cost (MC) and marginal benefit (MB), indicat...

A: Profit maximization:Profit can be maximized, when marginal cost is equal to marginal benefit. If mar...

question_answer

Q: a)Identify an example of absolute advantage relative to the United States from your data tables. Be ...

A: (a) The U.S take a shorter time to produce the products like corn, citrus, apparel, and computer sof...

question_answer

Q: Firm A's additional profit when cheating: $ Compare the profits of Firm A when both firms respect th...

A: Combined profits:If Firm A and firm B chooses High price – then the combined profit is 85+85 = $170 ...

question_answer

Q: Suppose a computer virus disables the nation's automatic teller machines, making withdrawals from ba...

A: The demand for money increases in the economy. This will shift the MD curve rightwards. Also, the mo...

question_answer

Q: Please help me to answer Q8

A: Question 8:Marginal Cost: It refers to the additional cost incurred when one more unit of a good is ...