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Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 5
Shrinking U.S. Labor Force Keeps Unemployment Rate From Rising
An exodus of discouraged workers from the job market kept the unemployment rate from climbing above 10 percent. Had the labor force not decreased by 661,000, the unemployment rate would have been 10.4 percent. The number of discouraged workers rose to 929,000 last month.
What is a discouraged worker Explain how an increase in discouraged workers influences the official unemployment rate and U-4.
An exodus of discouraged workers from the job market kept the unemployment rate from climbing above 10 percent. Had the labor force not decreased by 661,000, the unemployment rate would have been 10.4 percent. The number of discouraged workers rose to 929,000 last month.
What is a discouraged worker Explain how an increase in discouraged workers influences the official unemployment rate and U-4.
Explanation
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We know that the discouraged workers, wh...
Macroeconomics 12th Edition by Michael Parkin
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