Question

In the unemployment statistics from the Bureau of Labor Statistics BLS), the discouraged workers, and the...

In the unemployment statistics from the Bureau of Labor Statistics BLS), the discouraged workers, and the underemployed are not included in the unemployment rate. Should they be? Define unemployment rate.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Unemployment rate is defined as the ratio of unemployed persons to people in total labor force
= (Unemployed/Total labor force)*100

Total labor force = sum of Employed +Unemployed

A person becomes unemployed when the person is not able to find a job but would be looking or searching for job opportunities. Whereas a discouraged worker is a one who is unemployed and has given up looking for job as he would have lost hopes in finding job for a long time. As discouraged workers do not have interests to work, they are not included in labor force or in unemployed.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Usually the unemployment rate , U3, as measured by the Bureau of Labor Statistics (BLS) decreases...
Usually the unemployment rate , U3, as measured by the Bureau of Labor Statistics (BLS) decreases in the expansionary phase of the business cycle and increases during a downturn in the economy. However there are times when the unemployment rate increases when the economy begins to recover from a deep and prolonged recession. Use the BLS methodology to explain the paradox of an increase in the unemployment rate despite the improving economic conditions as the country recovers from a recession.
The official unemployment rate a. includes discouraged workers but not underemployed workers. b. does not include...
The official unemployment rate a. includes discouraged workers but not underemployed workers. b. does not include discouraged workers or underemployed workers. c. includes underemployed workers but not discouraged workers. d. counts part-time workers as unemployed. e. includes discouraged workers and underemployed workers.
Go to the Bureau of Labor Statistics and the Bureau of Economic Analysis and and then...
Go to the Bureau of Labor Statistics and the Bureau of Economic Analysis and and then determine (and post) the United States' (most recent -- monthly or quarterly): I. inflation rate (CPI- All Urban) II. unemployment rate (overall). III. unemployment rate if "discouraged workers" and "part time employees (for economic reasons) are included; and IV. real gross domestic product and change from prior quarter and year.
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the...
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. They are full-time workers who would like to work only part-time. They have given up on looking for a job. 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...
he Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the...
he Bureau of Labor Statistics (BLS) adjusts the numbers from the household survey to estimate the employment picture for the entire population. Once the adjustment is made, the BLS uses the figures to generate key employment indicators. The following table presents information from the household surveys conducted for December 2017 and, for purposes of comparison, December 2016. The numbers in the table are listed in thousands. For example, the number of unemployed in the table for December 2017 indicates that...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the...
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. They are employed workers who want to earn higher wages. 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...
Discouraged workers are included in the calculation of the i. unemployment rate. ii. labor force participation...
Discouraged workers are included in the calculation of the i. unemployment rate. ii. labor force participation rate. iii. working-age population.
Discouraged workers are included in the calculation of the i. unemployment rate. ii. labor force participation...
Discouraged workers are included in the calculation of the i. unemployment rate. ii. labor force participation rate. iii. working-age population.
In 2012, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 142,496,000 were...
In 2012, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 142,496,000 were employed, 12,506,000 were unemployed, and 88,310,000 were not in the labor force. What is the adult population? 12,506,000 243,312,000 155,002,000 142,496,000 The size of the labor force is _______, and the labor force participation rate is ______ . What is the unemployment rate? 8.1% 5.1% 57.0% 8.8%
1- Excluding discouraged workers from the labor force causes a. the unemployment rate to decrease. b....
1- Excluding discouraged workers from the labor force causes a. the unemployment rate to decrease. b. labor productivity to increase. c. the unemployment rate to increase. d. the unemployment rate to remain the same. e. labor productivity to decrease. 2- Real GDP a. will always change when prices change. b. measures GDP minus depreciation of capital. c. is GDP adjusted for changes in the price level. d. is also called nominal GDP.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT