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)

Question

Quizplus · Accepted Answer

The U-6 measure of labor underutilization includes the total unemployed, marginally attached workers (those who are not in the labor force but wanted and were available for work and had looked for a job sometime in the prior 12 months), and those employed part-time for economic reasons (those seeking full-time employment but are working part-time because of economic reasons such as unfavorable business conditions), all as a percentage of the labor force plus the marginally attached workers. This makes option D the correct definition.

The BLS Reports the U-6 Measure of Labor Underutilization