The unemployment rate statistic published by the Bureau of Labor Statistics may underestimate the magnitude of the unemployment problem in the economy because a) all part-time workers are counted as "employed" even though some would prefer to work full-time (i.e. are underemployed). b) some workers are working in jobs for which they are overqualified (also underemployed). c) "discouraged workers," who are no longer looking for work, are not counted in the labor force. d) all of the above.
The unemployment rate statistic published by the Bureau of Labor Statistics may underestimate the magnitude of the unemployment problem in the economy because a) all part-time workers are counted as "employed" even though some would prefer to work full-time (i.e. are underemployed). b) some workers are working in jobs for which they are overqualified (also underemployed). c) "discouraged workers," who are no longer looking for work, are not counted in the labor force. d) all of the above.
Chapter6: Business Cycles And Unemployment
Section: Chapter Questions
Problem 10SQ
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a) all part-time workers are counted as "employed" even though some would prefer to work full-time (i.e. are underemployed). |
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b) some workers are working in jobs for which they are overqualified (also underemployed). |
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c) "discouraged workers," who are no longer looking for work, are not counted in the labor force. |
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d) all of the above. |
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