Individuals who want to work, but have given up searching for a job because of l

Question

Individuals who want to work, but have given up searching for a job because of limited prospects, are know as work but have not looked for work during the past four weeks. This group is included among consisting of individuals who would like to O O O O frictionally unemployed ; the structurally unemployed discouraged workers; minimally attractive workers discouraged workers; marginally attached workers marginally attached workers ; discouraged workers Individuals who are involuntarily working part-time are considered O structurally unemployed O underemployed marginally employed O frictionally unemployed Using the U.S. Bureau of Labor Statistics calculation methods, excluding the groups identified in the questions above the true level of unemployment O accurately reflects O overstates O understates

Explanation / Answer

Unemployment is defined as the number of unemployed people from the labor force who are actively looking for work excluding structural and frictional unemployment.

Structural unemployment is due to poor or low skill set. Frictional unemployment is period of unemployment between job switch.

Marginal employment means a group of unemployed people who work for less hours and cannot earn their minimal living.

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