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Question: The Bureau of Labor Statistics (BLS) calculates the official unemployment rate using the followin...

Show transcribed image text The Bureau of Labor Statistics (BLS) calculates the official unemployment rate using the following formula: Unemployment Rate = Unemployment/Labor Force times 100% Note that the official unemployment rate does not account for discouraged workers. Under the BLS definition, the total number of unemployed workers is 11, 616,000, and the total labor force is 234, 739,000. If discouraged workers were to be included, the total number of unemployed workers would be 12, 350,000, and the total labor force would be______. Fill in the following table by calculating the official unemployment rate using these two different methods. Round your final answers to two decimal points. For example, (0.03467 times 100%) rounds to 3.47%. Official Unemployment Rate Unemployment Rate with Discouraged Workers Based on your calculations, if the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would

The Bureau of Labor Statistics (BLS) calculates the official unemployment rate using the following formula: Unemployment Rate = Unemployment/Labor Force times 100% Note that the official unemployment rate does not account for discouraged workers. Under the BLS definition, the total number of unemployed workers is 11, 616,000, and the total labor force is 234, 739,000. If discouraged workers were to be included, the total number of unemployed workers would be 12, 350,000, and the total labor force would be______. Fill in the following table by calculating the official unemployment rate using these two different methods. Round your final answers to two decimal points. For example, (0.03467 times 100%) rounds to 3.47%. Official Unemployment Rate Unemployment Rate with Discouraged Workers Based on your calculations, if the Bureau of Labor Statistics were to include discouraged workers in the official unemployment rate, the reported unemployment rate would