Asked by Alicia Pinell on Jul 22, 2024
Verified
Refer to Table 28-7. Calculate the U-4 unemployment rate.
U-4 Unemployment Rate
A measurement of the labor force that includes the total unemployed, plus discouraged workers who have stopped looking for employment.
- Measure the total labor force, the percentage of unemployment, the rate of participation in the labor force, and other key indicators of labor market performance.
Verified Answer
LS
Learning Objectives
- Measure the total labor force, the percentage of unemployment, the rate of participation in the labor force, and other key indicators of labor market performance.