Asked by Jordan Thornhill on Apr 25, 2024
The unemployment rate will increase whenever there is a(n) :
A) increase in the number of unemployed persons.
B) increase in the number of unemployed persons relative to the size of the labor force.
C) increase in the size of the U.S.population but no change in the number of unemployed persons.
D) increase in the size of the labor force.
E) increase in the size of the U.S.population and a decrease in the number of unemployed persons.
Unemployment Rate
The proportion of the workforce that is without a job and is actively seeking work.
Labor Force
The total number of people, including both employed and unemployed individuals, who are of working age and willing to work.
U.S. Population
The total number of people residing within the United States, a demographic figure that changes due to births, deaths, and migration.
- Assess the rate of joblessness in multiple contexts.
- Ascertain the variables that impact variations in the unemployment rate.
Learning Objectives
- Assess the rate of joblessness in multiple contexts.
- Ascertain the variables that impact variations in the unemployment rate.
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