Which of the following statements is FALSE?
A)there is a high turnover rate in the labor market
B)a significant amount of the turnover rate in the labor market is cyclical
C)there are large variations in unemployment rates across groups defined by age, race, and sex
D)over 50 percent of the workers who became unemployed in 2009 remained unemployed for more than half a year
E)many workers who are counted as unemployed will be (or have been)unemployed for several weeks

Question

Quizplus · Accepted Answer

The statement about over 50 percent of workers who became unemployed in 2009 remaining unemployed for more than half a year is false. While the unemployment duration increased during economic downturns, stating a specific percentage without context can be misleading and does not accurately represent the complexities of unemployment dynamics.

Which of the Following Statements Is FALSE