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 O A. not counted as unemployed in the BLS data because they are still of working age OB. not counted as unemployed in the BLS data because they are no longer actively looking for work. OC. counted as unemployed in the BLS data because of lags in the data OD. counted as unemployed in the BLS data because they may return to work. Even if they don't find a job right away, people entering the job market after graduating from high school or college will O A. be counted as part of the labor force by the BLS if they are actively looking for work. O B. not be counted as part of the labor force by the BLS because they are not working. O C. be counted as part of the labor force by the BLS because they are capable of working. OD. not be counted as part of the labor force by the BLS because they are not actively looking for work.

Answer 1

Answer:

The millions of workers leaving the job market for the reasons given are:

• B) not counted as unemployed in the BLS data because they are no longer actively looking for work.

Even if they don't find a job right away, people entering the job market after graduating from high school or college will

• A) be counted as part of the labor force by the BLS if they are actively looking for work.

Explanation:

The unemployment rate includes everyone that doesn't have a job but has actively looked for one during the last 4 weeks (generally a month because the unemployment rate is given on a monthly basis), and are currently available and willing to work.