Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the number of unemployed workers declined by only 7.3 million. How are these numbers consistent with each other? Why might one expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people employed?

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A: Solving question.below

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Q: The unemployment rate equals

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A:

Q: Find the relative change in the unemployment rate during 2008.

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