Use the following to answer questions :
Table: Unemployment and Employment Data
-(Table: Unemployment and Employment Data) Look at the table Unemployment and Employment Data. If marginally attached workers are included in the labor force and in the unemployment rate, the unemployment rate in this economy is:
A)8.4%.
B)7.8%
C)5%.
D)3%.

Question

Use the following to answer questions :
Table: Unemployment and Employment Data 
-(Table: Unemployment and Employment Data) Look at the table Unemployment and Employment Data. If marginally attached workers are included in the labor force and in the unemployment rate, the unemployment rate in this economy is:
A)8.4%. 
B)7.8% 
C)5%. 
D)3%.

Quizplus · Accepted Answer

Marginally attached workers are those who have looked for work in the past 12 months but not in the past 4 weeks. If they are included in the labor force and in the unemployment rate, then the labor force would be 166.2 million (149.8 million employed + 7.0 million unemployed + 9.4 million marginally attached workers) and the unemployment rate would be 7.8% (7.0 million divided by 166.2 million). Therefore, B is the correct answer.

Use the Following to Answer Questions