How many missing jobs (a FRED question): Suppose the U.S. unemploymentrate in October 2009 had been 6% instead of 10.0%. How many more peoplewould have been working (assuming the labor force remained the same)?

How many missing jobs (a FRED question): Suppose the U.S. unemploymentrate in October 2009 had been 6% instead of 10.0%. How many more peoplewould have been working (assuming the labor force remained the same)?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 2WNG

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Question

How many missing jobs (a FRED question): Suppose the U.S. unemployment
rate in October 2009 had been 6% instead of 10.0%. How many more people
would have been working (assuming the labor force remained the same)?

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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