that apply. O They are counted as part of the labor force by the Bureau of Labor Statistics. O They are employed workers who want to earn higher wages. 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 are full-time workers who would like to work only part-time. 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 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 ×

that apply. O They are counted as part of the labor force by the Bureau of Labor Statistics. O They are employed workers who want to earn higher wages. 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 are full-time workers who would like to work only part-time. 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 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 ×

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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