QUESTION 35 Table 28-6 ivilian labor force ersons unemployed 15 weeks or longer

Question

QUESTION 35 Table 28-6 ivilian labor force ersons unemployed 15 weeks or longer 100 million 1.6 million ob losers and persons who have completed temporary jobs (excludes job leavers) 3.1 million 6.2 million 7.0 million 8.1 million otal unemploved Total unemployed plus discouraged workers Total unemployed plus all marginally attached workers otal unemployed plus all marginally attached workers plus total employed part- me for economic reasons 9.2 million Refer to Table 28-6. What is the U-3 measure of labor underutilization? a. 10.9% b. 6.2% d. 7.0%

Explanation / Answer

The answer is b-) 6.2%

because U-3 measure of labor underutilization is the definition used for official unemployment rate. and it is calculated as the total unemployed persons to total civilian labor force.

U-3= 6.2 /100 = 0.062

or U-3 = 6.2 %

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