Question

7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the unemployment rate increased from 8.2 percent in June 2012 to 8.3 percent in July 2012. About 3.4 million people were marginally attached workers and 0.9 million of them were discouraged Part 1. In July 2012, the number of unemployed changed by? (If the number of unemployed decreases, include a minus sign. If the number of unemployed increases, do not include a plus sign). Part 2. With 3.4 million marginally attached workers and 0.9 million of them discouraged workers, what are the characteristics of the other 2.5 million marginally attached workers? The other 2.5 million marginally attached workers A. are either waiting to be called back to a job from which they have been laid off or waiting to start a new job within 30 days B. have stopped looking for work for reasons other than their inability to find a job C. are counted in the U-3 measure of the unemployment rate D. are part-time workers who want full-time jobs

Answer 1

Answer 7.

Part 1.

The number of people unemployed, changed by +195000.

As the decrease in employment simply means a decrease in number of jobs and hence increase in an overall unemployment.

Part 2. b)

The 2.5 million have stopped looking for work, for reasons,other than their inability to find a job.