Complete question:
An article in the Wall Street Journal contained the following observation: "Every month, millions of workers leave the job market because of retirement, to care for children or aging parents, to pursue more education, or out of discouragement. Millions of others jump in after graduating."
Source: Josh Zumbrun, "Labor-Market Dropouts Stay on the Sidelines," Wall Street Journal,
December 28, 2014.
The millions of workers leaving the job market for the reasons given are
A. not counted as unemployed in the BLS data because they are no longer actively looking for work.
B. not counted as unemployed in the BLS data because they are still of working age.
C. counted as unemployed in the BLS data because of lags in the data.
D. counted as unemployed in the BLS data because they may return to work.
Answer:
The millions of workers leaving the job market for the reasons given are not counted as unemployed in the BLS data because they are no longer actively looking for work.
Explanation:
Land economists are well-trained and given specific guidance on data collection methods in the Bureau of Job Statistics (BLS).
They use a variety of approaches to gather data from the Occupational Requirements Survey (ORS) respondents, including personal meetings, telephone, telephony and computer systems.
BLS statistics include work force research, employment, wages and workplace accidents and diseases. Reports usually contain several pages of written analyzes accompanied by statistical tables that help you to collect comprehensive economic conditions information.
