Essay
Consider the following labour data compiled by a government agency: 
a.Between July 2014 and July 2015,employment has increased by 393,700 workers,but the labour force increased by only 309,100 workers.Explain the difference in these numbers.Is it possible that the increase in labour force is greater than the increase in employment?
b.During the same period,employment increased by 393,700 workers,but unemployment decreased by only 84,600.Are these data plausible? How could this difference be explained?
Correct Answer:
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a.Change in labour force = Change in emp...View Answer
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Correct Answer:
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