Business, 14.03.2020 00:16 gchippewa81
The U. S. Department of Labor reported that Michigan's unemployment rate in June 2009 rose to 15.2%, becoming the first state in 25 years to suffer an unemployment rate exceeding 15%. Michigan has been battered by the collapse of the auto industry and the housing crisis and has had the highest unemployment rate in the nation for the past 12 months.
Source: CNNMoney, July 17, 2009
Why is the reality of the unemployment problem in Michigan actually worse than the unemployment rate statistic of 15.2percent?
The unemployment rate statistic of 15.2% understates the unemployment problem in Michigan because .
A. the unemployment rate is calculated using a representativesample, so the unemployment rate statistic is a "best guess
B. it does not include people without work who have made specific efforts to find a job within the previous four weeks
C. it does not include marginally attached and discouraged workers and part-time workers who want full-time jobs
D. it includes part-time workers for noneconomic reasons but not part-time workers for economic reasons
E. it includes discouraged workers
Answers: 2
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