The New York Times reported in november 2008 that 240,000 additional people lost their jobs which increased the unemployment rate to 6.5 percent. In addition, it was noted that a large number of college graduates were ʺtaking jobs that do not require a college degree.ʺ It was also expected that
ʺteens will be thrown out of the labor market. causing youths to miss experienceʺ that could help
Them prepare for higher-skilled jobs.
The article reflects the idea that unemployment is a problem because it results in
A) a decrease in the labor force.
B) fewer discouraged workers.
C) a loss of income.
D) a loss of human capital.

Question

Quizplus · Accepted Answer

The article highlights the issue of college graduates taking jobs that do not require a college degree, and teens missing out on job experience. Both situations result in a loss of human capital, as individuals are not able to fully utilize their skills and potential in their respective fields. Additionally, unemployment often results in a loss of income, further exacerbating the problem. Therefore, the best answer is D, as it encompasses the loss of human capital and income.

The New York Times Reported in November 2008 That 240,000