iscouraged workers are people who were looking for work in the recent past but did not find any and stopped looking.TrueFalse

The statement is True.

Discouraged workers are indeed defined as individuals who have actively sought employment in the recent past but have become disheartened by their unsuccessful job search. This disillusionment leads them to stop looking for work altogether. These workers are typically not counted in traditional unemployment statistics because they have not actively sought employment in the last four weeks, which is the standard criterion for being classified as unemployed.

This distinction is important as it affects the understanding of the labor market's health and job creation. If there is a significant number of discouraged workers, it may indicate broader economic issues, such as a lack of job opportunities or adequate support for job seekers. Therefore, recognizing and addressing the situation of discouraged workers is crucial for developing effective employment policies.