Please give a detailed answer and make sure it is 100% correct! Civilian PopulationEmployedUnemployedDiscouraged(Persons 16 years old and over)(Persons)(Persons)(Persons)258,066,000155,604,0006,197,000434,000The 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 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 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.They are counted as part of the labor force by the Bureau of Labor Statistics.The following table contains U.S. employment information from August 2018.Civilian PopulationEmployedUnemployedDiscouraged(Persons 16 years old and over)(Persons)(Persons)(Persons)258,066,000155,604,0006,197,000434,000

The unemployment rate measures the percentage of unemployed people in a country. A person is said to…

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 counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S. employment information from August 2018. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 258,066,000 155,604,000 6,197,000 434,000

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 counted as part of the labor force by the Bureau of Labor Statistics. The following table contains U.S. employment information from August 2018. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 258,066,000 155,604,000 6,197,000 434,000

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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Similar questions

If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
Explain how the natural rate of unemployment may be higher in low-income countries.
What term describes the remaining level of unemployment that occurs even when the economy is healthy?
Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How does it compare to the February 2015 unemployment rate computed earlier?
Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or the middle-aged? College graduates or high school graduates?
Over the long term, has the U.S. unemployment rate generally trended up, trended down, or remained at basically the same level?
What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?
What happens to the unemployment rate when unemployed workers are reclassified as discouraged workers?