WebThe unemployment rate as it is measured officially is often criticized for understating the level of joblessness because it excludes anyone working at all or people who aren’t looking for work. In particular, the official unemployment rate leaves out discouraged workers and the underemployed. Webincrease the unemployment rate by lowering the opportunity cost of job search. The payment of government unemployment insurance reduces the severity of recessions by preventing a huge drop in income and spending for the unemployed. Consider the effect of each of the following on the unemployment rate: a. The minimum wage law
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WebMar 11, 2024 · The adjusted unemployment rate for workers with a bachelor’s degree or more education inches up from 4.3% to 4.5% with discouraged workers. Looked at by age, the unemployment rate for workers ages 16 to 24 increases 0.6 percentage points when including discouraged workers, from 12.1% to 12.7%. WebFor a clearer picture of the national labor market, the U.S. Bureau of Labor Statistics provides six measures of categories of unemployed people. U-1: Unemployed 15+ weeks. U-2: Lost job, completed temporary jobs. U-3: Unemployed. U-4: Unemployed, discouraged workers. U-5: Unemployed, discouraged workers, marginally attached to … WebDiscouraged workers tend to reduce the value of unemployment because they reduce the value of unemployed in the economy. Hence, the answer is option C that is unemployment … View the full answer Transcribed image text: Suppose there are 2 million unemployed workers seeking jobs. right coast tattoo barnegat nj