Jim Clifton of the Gallup Polling Company Has Called the U3

question 26

Multiple Choice

Jim Clifton of the Gallup polling company has called the U3 unemployment rate a big lie because:

• A) the underemployed are not counted as part of the labor force.
• B) discouraged workers are counted as part of the employed.
• C) discouraged workers are counted as part of the unemployed.
• D) it fails to include discouraged workers and underemployed as part of the unemployed.

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Definitions:

Commencement

The act or time of beginning; refers to the start of something, such as a process, event, or period in time.

Bankruptcy Legislation

Refers to laws that govern the process through which individuals or entities who are unable to meet their financial obligations can seek relief from some or all of their debts.

Dual Purpose

Refers to an item or activity designed for two distinct functions or goals, often seen in tax, legal, or functional contexts.

Dischargeable Debts

Debts that can be wiped out or eliminated in bankruptcy proceedings.