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Table 15-4 -Refer to Table 15-4

question 225

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Table 15-4
 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 \begin{array}{|l|l|}\hline \text { Civilian labor force } & 100 \text { million } \\\hline \text { Persons unemployed } 15 \text { weeks or longer } & 1.6 \text { million } \\\hline \text { Job losers and persons who have completed temporary jobs (excludes job leavers) } & 3.1 \text { million } \\\hline \text { Total unemployed } & 6.2 \text { million } \\\hline \text { Total unemployed plus discouraged workers } & 7.0 \text { million } \\\hline \text { Total unemployed plus all marginally attached workers } & 8.1 \text { million } \\\hline \begin{array}{l}\text { Total unemployed plus all marginally attached workers plus total employed part-time for } \\\text { economic reasons }\end{array} & 9.2 \text { million } \\\hline\end{array}

-Refer to Table 15-4. What is the U-5 measure of labor underutilization?


Definitions:

Distance From The Mean

The absolute difference between a specific value and the average of all values in a dataset.

Z Scores

Standardized scores that indicate how many standard deviations an element is from the mean of the dataset. They are used in statistics to compare different data points.

Normal Curve

A graphical representation of a distribution where the majority of data points are concentrated around the mean, decreasing in frequency the farther they are from the mean.

Percentages

A portion or share of a whole, expressed as a fraction of 100.

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