Table 10-4

-Refer to Table 10-4. What is the U-2 measure of labor underutilization?
A) 1.5 percent
B) 3.1 percent
C) 4.7 percent
D) 6.2 percent

Question

Table 10-4
 
-Refer to Table 10-4. What is the U-2 measure of labor underutilization?
A) 1.5 percent 
B) 3.1 percent 
C) 4.7 percent 
D) 6.2 percent

Quizplus · Accepted Answer

The U-2 measure of labor underutilization specifically accounts for the percentage of the labor force that has lost jobs or completed temporary jobs, which is typically lower than the broader U-3 unemployment rate.

Table 10-4 -Refer to Table 10-4. What Is the U-2 Measure of the U-2