Find the relative change in unemployment rate during 2015.

Macroeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
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The table below represents the monthly unemployment rates in the US from January of 2005 through May of 2016.

Year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2005

5.3%

5.4%

5.2%

5.2%

5.1%

5.0%

5.0%

4.9%

5.0%

5.0%

5.0%

4.9%

2006

4.7%

4.8%

4.7%

4.7%

4.6%

4.6%

4.7%

4.7%

4.5%

4.4%

4.5%

4.4%

2007

4.6%

4.5%

4.4%

4.5%

4.4%

4.6%

4.7%

4.6%

4.7%

4.7%

4.7%

5.0%

2008

5.0%

4.9%

5.1%

5.0%

5.4%

5.6%

5.8%

6.1%

6.1%

6.5%

6.8%

7.3%

2009

7.8%

8.3%

8.7%

9.0%

9.4%

9.5%

9.5%

9.6%

9.8%

10.0%

9.9%

9.9%

2010

9.7%

9.8%

9.9%

9.9%

9.6%

9.4%

9.5%

9.5%

9.5%

9.5%

9.8%

9.4%

2011

9.1%

9.0%

9.0%

9.1%

9.0%

9.1%

9.0%

9.0%

9.0%

8.8%

8.6%

8.5%

2012

8.2%

8.3%

8.2%

8.2%

8.2%

8.2%

8.2%

8.1%

7.8%

7.8%

7.8%

7.9%

2013

7.9%

7.7%

7.5%

7.5%

7.5%

7.5%

7.3%

7.2%

7.2%

7.2%

7.0%

6.7%

2014

6.6%

6.7%

6.6%

6.2%

6.3%

6.1%

6.2%

6.1%

5.9%

5.7%

5.8%

5.6%

2015

5.7%

5.5%

5.5%

5.4%

5.5%

5.3%

5.3%

5.1%

5.1%

5.0%

5.0%

5.0%

2016

4.9%

4.9%

5.0%

5.0%

4.7%

 

 

 

 

 

 

 

Find the relative change in unemployment rate during 2015.

(enter a percent rounded to the nearest hundredth)

 

 

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