Questions
True/False
A person who stops looking for work because they are discouraged is not counted in the official unemployment rate.
Options
A.True
B.False
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Question: A person who stops looking for work because they are discouraged is not counted in the official unemployment rate.
Option 1: True. The official unemployment rate is calculated as the number of people who are unemployed and actively seeking w......Login to view full explanationLog in for full answers
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Similar Questions
Unemployment is calculated based on the proportion of unemployed amongst the population.
In a particular month, the Bureau of Labor Statistics (BLS) conducts a survey of 60,000 people and reports the following statistics: Have jobs = 55,584 persons Unemployed and have been looking for a job in the last four weeks = 2,316 persons Unemployed but not have been looking for a job in the last four weeks = 2,100 persons In that month BLS reports an unemployment rate of:
A person who stops looking for work because they are discouraged is not counted in the official unemployment rate.
Using the separation rate from the previous question, calculate the unemployment rate (as a percentage) in April given the unemployment rate in March (which you can compute using the information in the previous question). You should assume that the size of the labor force does not change between March and April. Round your answer to the nearest tenth of a percent.
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