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Author Question: How does the unemployment rate differ from the underemployment rate? Why is it important to take ... (Read 63 times)

bobbysung

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on: Jul 10, 2018
How does the unemployment rate differ from the underemployment rate? Why is it important to take both of these rates into account when evaluating the economy?
 
  What will be an ideal response?

Question 2

Groups such as churches, labor unions, and environmental groups that are not connected with governments but which have international interests and activities and, therefore, an influence on foreign policy are known as __________.
 
  Fill in the blanks with correct word


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sailorcrescent

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Reply #1 on: Jul 10, 2018
Answer to Question 1

An ideal response will:
1, Define both terms: The unemployment rate, as measured by the Bureau of Labor Statistics (BLS), is the proportion of the labor force actively seeking work but unable to find jobs. The underemployment rate is a statistic that includes (1) people who aren't working and are actively seeking a job, (2) those who would like to work but have given up looking, and (3) those who are working part-time because they cannot find a full-time position.
2, Assess the importance of both concepts with regard to the economy. Note that the official unemployment rate reported monthly by the BLS actually underestimates how many Americans are suffering in the job market, because it leaves out those who have given up their job search or have only been able to obtain a part-time job.

Answer to Question 2

nongovernmental organizations (NGOs)


bobbysung

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Reply #2 on: Jul 10, 2018
TY


sailorcrescent

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Reply #3 on: Jul 10, 2018
Happy to Help


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