Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.
What happens when they are reclassified as discouraged workers?
- The measured unemployment rate will decrease if unemployed people give up.
- When this occurs, the measured unemployment rate will momentarily increase. They will once more be listed as unemployed, which is why.
- Because there are no discouraged employees in the labor market actively looking for a job, the labor force participation rate would fall if employed people were reclassified as discouraged workers.
(1) official unemployment rate= unemployed/(employed + unemployed)
= 6197000 / 155604000 + 6197000 * 100
= 3.83%
(2) U-4 unemployment rate= (unemployed +discouraged) /(employed +unemployed+ discouraged)
=6197000+ 434000 / 155604000+ 6197000 + 434000 * 100
= 4.09%
Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.
To learn more about the unemployed, refer to:
https://brainly.com/question/3876987
#SPJ4
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.
