Table 10-4

-Refer to Table 10-4. What is the U-1 measure of labor underutilization?
A) 1.6 percent
B) 3.1 percent
C) 6.2 percent
D) 7.0 percent

Question

Table 10-4
 
-Refer to Table 10-4. What is the U-1 measure of labor underutilization?
A) 1.6 percent 
B) 3.1 percent 
C) 6.2 percent 
D) 7.0 percent

Quizplus · Accepted Answer

The U-1 measure of labor underutilization represents the percentage of the labor force that has been unemployed for 15 weeks or longer. According to the given options, 1.6 percent is the correct measure for U-1.

Table 10-4 -Refer to Table 10-4. What Is the U-1 Measure of the U-1