ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Discouraged workers are nonworking people who are capable of working but have given up looking for a job due to the state of the job market. Marginally attached workers would like to be employed and have looked for a job in the recent past but are not currently looking for work.

Detailed explanation-2: -Unemployment occurs when someone is willing and able to work but does not have a paid job. The unemployment rate is the percentage of people in the labour force who are unemployed. Consequently, measuring the unemployment rate requires identifying who is in the labour force.

Detailed explanation-3: -When workers become discouraged and stop looking for employment, they leave the labor force. It is common in economic downturns for the labor force to decrease (or increase more slowly than usual) in size as many give up on finding work and are therefore no longer counted as officially unemployed.

Detailed explanation-4: -Unemployment is a regularly used term and normally refers to those who are ‘out of work’. In strictly economic terms, the unemployed include all those who are able and willing to work but cannot find work.

Detailed explanation-5: -Discouraged workers The marginally attached are those persons not in the labor force who want and are available for work, and who have looked for a job sometime in the prior 12 months, but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.