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 full-time workers who would like to work only part-time. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They have given up on looking for a job. They are dissatisfied with their current jobs and are considering quitting.
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 full-time workers who would like to work only part-time. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They have given up on looking for a job. They are dissatisfied with their current jobs and are considering quitting.
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 3CQ
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Question
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 full-time workers who would like to work only part-time.
They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
They have given up on looking for a job.
They are dissatisfied with their current jobs and are considering quitting.
The following table contains U.S. employment information from August 2018.
|
Civilian Population
|
Employed
|
|
Discouraged
|
|---|---|---|---|
|
(Persons 16 years old and over)
|
(Persons)
|
(Persons)
|
(Persons)
|
| 258,066,000 | 155,604,000 | 6,197,000 | 434,000 |
Expert Solution
Step 1
Unemployment refers to the situation where a person who is ready to work does not have work is not able to find work. The unemployment rate is the fraction of the total labor force that is not employed.
The total labor force is the sum of employed and unemployed. The fraction of the working-age population that is in the labor force indicates the labor force participation rate.
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