Suppose you read the news that the unemployment rate increased from 5.8% to 6.7% and at the same time the labor force participation rate increased from 60% to 62%. a Could it be a good sign or bad sign for the economy D. Explain why you think so. What could be happening in the economy?

Suppose you read the news that the unemployment rate increased from 5.8% to 6.7% and at the same time the labor force participation rate increased from 60% to 62%. a Could it be a good sign or bad sign for the economy D. Explain why you think so. What could be happening in the economy?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 2SCQ: Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How...

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2. Suppose you read the news that the unemployment rate increased from 5.8% to 6.7% and
at the same time the labor force participation rate increased from 60% to 62%.
Could it be a good sign or bad sign for the economy
a
b. Explain why you think so. What could be happening in the economy?

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