After unsuccessfully looking for full-time work for six weeks,Joey accepted a part-time job.How does the official unemployment rate fail to reflect the true degree of unemployment in this case?
A)Joey is viewed to be a discouraged worker and as such is not considered part of the labour force.
B)It continues to treat Joey as unemployed because he is only employed part-time.
C)Even though Joey is working less than he wants to work, he is no longer considered unemployed.
D)Since Joey was out of work for only six weeks, he was never officially considered unemployed.

Question

Quizplus · Accepted Answer

The official unemployment rate only includes people who are not currently employed but are actively seeking full-time employment. If someone like Joey accepts a part-time job, they are no longer considered unemployed, even if it is not the desired amount of work. Therefore, option C is correct. Option A is incorrect because Joey is not considered a discouraged worker based on the information provided. Option B is incorrect because the official unemployment rate does not distinguish between full-time and part-time employment. Option D is incorrect because the length of time Joey was out of work does not determine whether he was considered officially unemployed or not.

After Unsuccessfully Looking for Full-Time Work for Six Weeks,Joey Accepted