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Economics
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22 Oct 2020

Use the following data to determine the unemployment rate

Total population: 2000

Discouraged workers: 20

Unemployed: 140          

What is the unemployment rate?

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Macroeconomics
Skill
Computation of unemployment rate
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Vaishali Yadav
Vaishali YadavLv10
22 Oct 2020

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Related questions

The Bureau of Labor Statistics counts discouraged workers as:


a. employed. Including them as employed makes the unemployment rate lower than otherwise.
b. unemployed. Including them as unemployed makes the unemployment rate higher than otherwise.
c. out of the labor force. If they were counted as unemployed the unemployment rate would be higher.
d. None of the above is correct.

TOTAL CIVILIAN POPULATION AGE 16 AND OLDER: 233.8 million
NOT IN LABOR FORCE: 79.5 million
CIVILIAN FORCE TOTAL: 154.3 million
- EMPLOYED: 145.4 million
- UNEMPLOYED: 8.9 million
CIVILIAN UNEMPLOYMENT RATE: 5.8%

suppose 5 million originally discouraged workers have come back tothe job markets looking for jobs. Before any of them can find ajob, what is the unemployment rate?




%
Please enter 2 digits after the decimal point.

1. Unemployment is defined as the total number of people who __________?

2. The unemployment rate is measured as__________ ?

3. What category do the underemployed belong to? What category do the discouraged workers belong to?

4. What is required for a person to be considered unemployed?

 

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