Question

Suppose Pete was looking for a job for so long that he decided to give up looking for a job altogether. Pete has decided to retire and live with his parents. In the official statistics, Pete would be counted as _______.

Answer 1

Answer: Marginally - attached worker

Explanation: While calculating the underemployment rate the government usually includes three groups these are : unemployed workers who are actively looking for work; involuntarily part-time workers and marginally attached workers who want and are available to work , but have given up actively looking.

Therefore Pete would lie under the category of marginally attached worker who want and are available to work , but have given up actively looking.