The Bureau of Labor Statistics Does Not Count Discouraged Workers

question 148

Essay

The Bureau of Labor Statistics does not count discouraged workers as unemployed.Suppose discouraged workers were counted as unemployed.Explain how the unemployment rate and the labor force participation rate would change.

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Definitions:

Internal or External Stimulus

Any event or situation that triggers a response or reaction from an individual or organization, which can originate from within (internal) or outside (external) the entity.

Personality

The set of distinctive characteristics that lead an individual to respond in a consistent way to certain situations.

Family Life Cycle

a series of stages through which a family progresses over time, including changes in family structure and roles influenced by aging, marital status, and childrearing.

Personal Value System

An individual's set of beliefs and values that guide their behaviors and decision-making processes.