The u-4 measure of labor underutilization is calculated as Total Unemployed + Discouraged Workers, as a % of the Civilian Labor Force + Discouraged Workers.
The U-4 measure of labor underutilization is a means of determining the number of people or labor force that are currently unemployed and have been searching for jobs for nothing less than a year while at the same time readily available for work.
Knowing the U-4 measure of labor underutilization is useful for information for the government in making policies.
Hence, in this case, it is concluded that the U-4 measure of labor underutilization is significant information the government must be aware of.
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