Different measures of unemployment rates

Reference no: EM131774775

Question: The BLS reports several different measures of unemployment rates. For example, the official unemployment rate (and thus the most reported) is called the U-3 measurement. For April 2017 the U-3 unemployment rate was 4.4%. However, the BLS also reports the U-6 measurement. For April 2017, the U-6 unemployment rate was 9.2%, much larger than the U-3 rate. Considering the categories of unemployed, employed, and not in the labor force, which of the answer choices best explains the different values of the unemployment rates of U-3 and U-6?

A. U-3 does not count discouraged workers in the not in the labor force category but does count time workers full-time work in the unemployed category

B.U-3 does not count part-time workers seeking full-time work in the unemployed category.

C. U-6 counts both discouraged workers and part-time workers seeking full-time work in the unemployed category.

D. U-6 counts part-time workers seeking full-time work in the employed category.

Reference no: EM131774775

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