Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check allthat apply.They are full-time workers who would like to work only part-time.O They are counted as part of the labor force by the Bureau of Labor Statistics.They have given up on looking for a job.They are employed workers who want to earn higher wages.The following table contains U.S. employment information from August 2019.Civilian PopulationEmployedUnemployedDiscouraged(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 × Civilian PopulationEmployedUnemployedDiscouraged(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.Excluding discouraged workers from the official unemployment rate may cause the official rate tothe true extent ofunderemployment.

Answer- They have given up on looking for a job. Because discouraged workers choose voluntarily to…

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 are full-time workers who would like to work only part-time. O They are counted as part of the labor force by the Bureau of Labor Statistics. O They have given up on looking for a job. O They are employed workers who want to earn higher wages. The following table contains U.S. employment information from August 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,432,000 157,878,000 6,044,000 467,000

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 are full-time workers who would like to work only part-time. O They are counted as part of the labor force by the Bureau of Labor Statistics. O They have given up on looking for a job. O They are employed workers who want to earn higher wages. The following table contains U.S. employment information from August 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,432,000 157,878,000 6,044,000 467,000

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 7P

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Similar questions

Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
What is structural unemployment? Give examples of structural unemployment.
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?