The BLS Reports the U-6 Measure of Labor Underutilization

question 82

Multiple Choice

The BLS reports the U-6 measure of labor underutilization.Which of the following is how it computes U-6?

• A)(total unemployed + marginally attached workers)/adult population
• B)(total unemployed + marginally attached workers + part-time employed for economic reasons)/adult population
• C)(total unemployed + marginally attached workers)/(labor force + marginally attached workers)
• D)(total unemployed + marginally attached workers + part time employed for economic reasons)/(labor force + marginally attached workers)

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Definitions:

Standard Deviations

A statistic that measures the dispersion or spread of a set of data points in relation to their mean.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Positively Correlated

A relationship between two variables where if one variable increases, the other variable also increases.

Correlation Coefficient

The correlation coefficient is a statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.