Question

20.  Chapter ma2pe08r, Section .281, Problem 177 (ID: 177.28.1 - MC - MANK08)

Table 28-6 Civilian labor force 100 million Persons unemployed 15 weeks or longer 1.6 million Job losers and persons who have completed temporary jobs (excludes job leavers) 3.1 million Total unemployed 6.2 million Total unemployed plus discouraged workers 7.0 million Total unemployed plus all marginally attached workers 8.1 million Total unemployed plus all marginally attached workers plus total employed part-time for economic reasons 9.2 million

Refer to Table 28-6. What is the U-3 measure of labor underutilization?

a. 4.7%

b. 6.2%

c. 7.0%

d. 10.9%

Answer 1

Correct Answer:

B

Working note:

U-3 measure of labor under-utilization rate = Unemployed people / Civilian labor force

U-3 measure of labor under-utilization rate = 6.2 / 100

U-3 measure of labor under-utilization rate = 6.2%