Table 28-4

-Refer to Table 28-4.What is the U-4 measure of labor underutilization?

Question

Table 28-4
 
-Refer to Table 28-4.What is the U-4 measure of labor underutilization?

Quizplus · Accepted Answer

The U-4 measure of labor underutilization is the number of unemployed people plus people who are marginally attached to the labor force (meaning they want to work and have looked for a job in the past 12 months, but are not currently looking) and people who are employed part-time for economic reasons (meaning they would like to work full-time but can't find full-time employment). According to Table 28-4, the U-4 measure is 6.9 percent.

Table 28-4 -Refer to Table 28-4.What Is the U-4 Measure of Labor