Table 28-6 Civilian labor force Persons unemployed 15 weeks or longer Job losers

Question

Table 28-6 Civilian labor force Persons unemployed 15 weeks or longer Job losers and persons who have completed temporary jobs (excludes job leavers) Total unemployed Total unemployed plus discouraged workers Total unemployed plus all marginally attached workers Total unemployed plus all marginally attached workers plus total employed part ime for economic reasons 100 million 1.6 million 3.1 million 2 million 0 million 1 million 2 million Refer to Table 28-6. What is the U-4 measure of labor underutilization? @ 7.0% 6.5% 17.9% 6.9%

Explanation / Answer

Correct Answer:

D.6.9%

Working note:

Discouraged workers = 7-6.2 = .8 million

U-4 measure of labor underutilization = (unemployed people + discouraged workers)/(civilian labor force + discouraged workers)

U-4 measure of labor underutilization = 7/(100+.8)

U-4 measure of labor underutilization = 6.9%

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